Lenovo’s Leap: Chinese PC Group Overtakes HP as World’s Top Provider

The last time Hewlett Packard didn’t hold the title as ‘World’s Number 1 PC Maker’ was back before the release of Twitter, the iPhone, and the 4G network. It took all the strength of Lenovo to unseat the champion of the past 7 years, with Dell, Acer, and ASUS rounding out the top 5, respectively. Lenovo grew their market to a 16.7% share, while HP’s share fell to 16.3%, according to multiple sources.

Lenovo was able to take over the top ranking “…due in large part to its success selling PCs in China, which represents over half of Lenovo second-quarter shipments, and other emerging markets such as India and Brazil.” The increase in market share comes at a time where the global PC business is slow, which Lenovo chairman and CEO Yang Yuanging acknowledges claiming, “Even in the toughest PC market ever, Lenovo has not only gained share, but we have steadily improved profitability. … In our traditional strongholds — China and global commercial PCs — we have continued to gain share and build sustainable profit engines.”

The market response in Hong Kong was positive, showing a 3.5% jump in Lenovo Group shares. However, this is just a step toward Lenovo’s peak with the expected addition of tablets, smartphones, and smart TVs among some of the devices that Lenovo plans to expand on in the future. Lenovo’s tablets have been selling well in North America and their highly touted K900 smartphone was successfully released in China earlier this year. The K900 will be released in various international markets throughout the summer.The SBS Group can help you with all of your Lenovo hardware needs. Visit us on Facebook, Twitter, or go to https://www.sbsgroupusa.com/Pages/lenovo-summer-promotion.aspx to be a part of the #1 PC seller in the world.

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