Mainland's Lenovo retains world's top PC vendor title
CNATAIPEI -- China's Lenovo Group Ltd. remained the world's top personal-computer (PC) maker in the third quarter of this year amid its aggressive expansion into the smartphone, tablet and commercial PC sectors, according to the latest reports issued by research firms IDC and Gartner.
October 15, 2013, 12:08 am TWN
IDC report said that Lenovo's global PC market share was 15.7 percent in the third quarter of last year, and rose to 17.3 percent in the same period this year.
Gartner report indicated that Lenovo's world PC market shares in Q3 last year and Q2 this year were 15.7 percent and 16.7 percent, espectively. Its share in Q3 this year rose to 17.6 percent.
This again made it the world's largest marker in both of the reports.
Lenovo took the top PC vendor title in Q2 and retained the title in Q3.
The company said there is still ample room for it to increase profits in the enormous US$200 billion PC industry.
Lenovo said that the PC market has shifted its focus from high end devices to mainstream products and from mature markets to emerging markets. Lenovo enjoys an advantage in both areas.
In addition to its increasing PC market share, Lenovo is making inroads into other sectors by launching new devices, such as smartphones and tablets.
Lenovo's Q2 non-PC sales, including smartphones and tablets, have registered a 105 percent growth year-on-year to US$1.2 billion, accounting for 14 percent of its total revenue.
Its Q2 smarphone sales in China posted a sharp growth of 121 percent year-on-year, further consolidating its status as China's second largest smartphone brand.
Macquarie Securities Group's latest report said that in the cloud computing era, Lenovo's commercial PC revenues are expected to account for more than 60 percent of the total.
In addition, its increasing market share of mobile devices would be able to offset it decline in the consumer PC market, allowing it to remain as the top PC maker.
In the next two three years, Lenovo's non-PC business revenues are expected to exceed 40 percent of the total and prove the success of its strategy to diversify its products, Macquarie report added.