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: Global PC sales flat as consumers eye new gadgets

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

Apple exec challenges e-book conspiracy

10 hours ago

A top Apple executive downplayed the theory of an e-book price-fixing conspiracy at an antitrust trial Monday, saying publishers were already moving away from Amazon's model when Apple launched its iPad.

NY's Bloomberg and SF mayor announce tech summits

Jun 14, 2013

(AP)—New York Mayor Michael Bloomberg and his San Francisco counterpart, Ed Lee, say they are sponsoring a pair of technology summits to be held in each of their cities in the next year.

User comments : 0

More news stories

New language discovery reveals linguistic insights

A new language has been discovered in a remote Indigenous community in northern Australia that is generated from a unique combination of elements from other languages. Light Warlpiri has been documented by University of Michigan ...