China’s Lenovo takes aim at computer world’s major players

First China and now for the world. That's been the bold boast coming out of the offices of Lenovo Group over the past week.

The China-based PC maker has its eyes on becoming the world's second-largest producer of personal gadgetry - and it would take a brave man to bet against the boast. While just 10 years ago sales of Lenovo's equipment accounted for three percent of the international PC market, figures in from the last quarter of 2011 show that share has risen to 12 percent - or third in the world - according to industry watchers Gartner Inc.

Lenovo now has its sights set on topping the Dell corporation (12.5 percent of global PC sales) by the end of the year and at the same time making firm inroads into the 17.5 percent held by the world's top PC maker, Hewlett-Packard Corp. Apple currently holds around a five percent share of global PC sales.

The rise of Lenovo - noted for offering a cheaper PC alternative to the world's major players - has been one of Chinese industry's great success stories over the past decade. Under the guidance of often-outspoken chairman Liu Chuanzhi - famous for taking Apple Inc's former CEO Steve Jobs to task for ignoring the Chinese market - the company has purchased the PC division of the US-based IBM Corp, has this year started working with Japan's NEC Corp on a US$175 million (128 million euro) collaboration and has also taken the German electronics maker Medion AG under its wing.

Lenovo is the largest player in the Chinese PC market - with a 35 percent share - which helps account for the US$2.8 billion (2 billion euro) in sales the company enjoyed in this past quarter of 2011. China is now the world's largest PC market.

Chuanzhi has been emboldened recently by news that HP will be spinning off its PC division and scaling down production of mobile internet devices, announcing his company had designs on expanding its way out of the PC market and into smartphones and tablets.

Industry predictions have global PC sales hitting around 350 million units in 2011, around 50 million less than in 2010 as the popularity of other devices such as smartphones and tablets continues to rise.

MS

 

Life and Style
ebookNow available in paperback
ebooks
ebookPart of The Independent’s new eBook series The Great Composers
News
Johnny Depp is perhaps best known for his role as Jack Sparrow in Pirates of the Caribbean
peopleBut how did he break it?
Arts and Entertainment
Paul Walker and Vin Diesel in Fast and Furious 5
film
Sport
Lewis Hamilton secured his second straight pole of the season
f1Vettel beats Rosberg into third after thunderstorm delays qualifying
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Gadgets & Tech

    Recruitment Genius: IT Infrastructure Engineer

    £30000 - £40000 per annum: Recruitment Genius: Our client is looking to find a...

    Recruitment Genius: IT Engineer

    £21000 - £23600 per annum: Recruitment Genius: An exciting opportunity to join...

    Ashdown Group: IT Support Analyst - Liverpool - up to £28,000

    £22000 - £28000 per annum: Ashdown Group: This is a large multi-site operation...

    Recruitment Genius: Salesforce Developer

    £50000 - £65000 per annum: Recruitment Genius: Due to continued business growt...

    Day In a Page

    The saffron censorship that governs India: Why national pride and religious sentiment trump freedom of expression

    The saffron censorship that governs India

    Zareer Masani reveals why national pride and religious sentiment trump freedom of expression
    Prince Charles' 'black spider' letters to be published 'within weeks'

    Prince Charles' 'black spider' letters to be published 'within weeks'

    Supreme Court rules Dominic Grieve's ministerial veto was invalid
    Distressed Zayn Malik fans are cutting themselves - how did fandom get so dark?

    How did fandom get so dark?

    Grief over Zayn Malik's exit from One Direction seemed amusing until stories of mass 'cutting' emerged. Experts tell Gillian Orr the distress is real, and the girls need support
    The galaxy collisions that shed light on unseen parallel Universe

    The cosmic collisions that have shed light on unseen parallel Universe

    Dark matter study gives scientists insight into mystery of space
    The Swedes are adding a gender-neutral pronoun to their dictionary

    Swedes introduce gender-neutral pronoun

    Why, asks Simon Usborne, must English still struggle awkwardly with the likes of 's/he' and 'they'?
    Disney's mega money-making formula: 'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan

    Disney's mega money-making formula

    'Human' remakes of cartoon classics are part of a lucrative, long-term creative plan
    Lobster has gone mainstream with supermarket bargains for £10 or less - but is it any good?

    Lobster has gone mainstream

    Anthea Gerrie, raised on meaty specimens from the waters around Maine, reveals how to cook up an affordable feast
    Easter 2015: 14 best decorations

    14 best Easter decorations

    Get into the Easter spirit with our pick of accessories, ornaments and tableware
    Paul Scholes column: Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season

    Paul Scholes column

    Gareth Bale would be a perfect fit at Manchester United and could turn them into serious title contenders next season
    Inside the Kansas greenhouses where Monsanto is 'playing God' with the future of the planet

    The future of GM

    The greenhouses where Monsanto 'plays God' with the future of the planet
    Britain's mild winters could be numbered: why global warming is leaving UK chillier

    Britain's mild winters could be numbered

    Gulf Stream is slowing down faster than ever, scientists say
    Government gives £250,000 to Independent appeal

    Government gives £250,000 to Independent appeal

    Donation brings total raised by Homeless Veterans campaign to at least £1.25m
    Oh dear, the most borrowed book at Bank of England library doesn't inspire confidence

    The most borrowed book at Bank of England library? Oh dear

    The book's fifth edition is used for Edexcel exams
    Cowslips vs honeysuckle: The hunt for the UK’s favourite wildflower

    Cowslips vs honeysuckle

    It's the hunt for UK’s favourite wildflower
    Child abuse scandal: Did a botched blackmail attempt by South African intelligence help Cyril Smith escape justice?

    Did a botched blackmail attempt help Cyril Smith escape justice?

    A fresh twist reveals the Liberal MP was targeted by the notorious South African intelligence agency Boss