China's Lenovo claims top spot for consumer PCs

Nov 08, 2012
A Lenovo shop is seen at a computer mall in Beijing, in 2011. Lenovo Group said on Thursday it had become the global market leader in consumer and notebook personal computers, as it posted a 13 percent rise in second-quarter net profit.

Chinese computer maker Lenovo Group said it had become the global market leader in consumer and notebook personal computers, as it posted a 13 percent rise in second-quarter net profit.

Net profit for the three months to the end of September rose to $162.1 million from $143.9 million a year earlier, the company said on Thursday. Revenue climbed 11 percent to $8.67 billion from $7.79 billion a year earlier.

"Lenovo became the worldwide number one consumer and notebook PC company in fiscal quarter two and remained as the largest PC company in emerging markets, including China," the company told the .

Its share of the overall PC market reached a record high of 15.6 percent in the July-September quarter, it added, putting it just 0.2 percent shy of leader Hewlett-Packard.

Lenovo has been outperforming rivals such as US-based HP and Dell, with a rise in PC shipments of 10 percent in the second quarter compared to a year earlier despite softening .

Worldwide PC shipments have been declining as consumer habits change and more people connect to the Internet through smartphones and tablets instead of more cumbersome personal computers and laptops.

A survey by research firm Gartner released last month gave Lenovo 15.7 percent of the overall PC market, ahead of HP with 15.5 percent.

Gartner said Dell was the number three maker with a 10.5 percent followed by Taiwan's Acer with 9.8 percent and Asus, another Taiwan firm, with 7.3 percent.

A separate report showed global sales of personal computers are set to show a decline for the first time in 11 years.

The survey by IHS said the total PC market in 2012 is expected to contract 1.2 percent to 348.7 million units, down from 352.8 million in 2011.

That would be the first drop since 2001, but sales have been sluggish for the past two years.

IHS said a strong rebound could still occur in 2013, with more adoption of Windows 8 computers and newer, thinner notebook computers gaining tracking.

Explore further: Alibaba steals Yahoo's thunder ahead of IPO

add to favorites email to friend print save as pdf

Related Stories

Global PC sales flat as consumers eye new gadgets

Jul 11, 2012

Worldwide sales of personal computers fell 0.1 percent in the second quarter of the year as consumers turned their attention to newer gadgets like tablets, a survey showed Wednesday.

Lenovo overtakes HP as biggest PC maker

Oct 10, 2012

Worldwide shipments of PCs fell sharply in the third quarter, as some consumers spent their electronics dollars on smartphones and tablets and others held off for a new version of Windows.

Recommended for you

New US-Spanish firm says targets rich mobile ad market

2 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

6 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Yahoo sees signs of growth in 'core' (Update)

20 hours ago

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

User comments : 0

More news stories

Quantenna promises 10-gigabit Wi-Fi by next year

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Unlocking secrets of new solar material

(Phys.org) —A new solar material that has the same crystal structure as a mineral first found in the Ural Mountains in 1839 is shooting up the efficiency charts faster than almost anything researchers have ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

New US-Spanish firm says targets rich mobile ad market

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Progress in the fight against quantum dissipation

(Phys.org) —Scientists at Yale have confirmed a 50-year-old, previously untested theoretical prediction in physics and improved the energy storage time of a quantum switch by several orders of magnitude. ...