Lenovo's Strong PC Sales Spearheads Record Market Share
PC vendor made over $8.5 billion in ailing market.
Despite the PC market due to experience its first decline in over a decade due to the emergence of smartphones and tablets, Lenovo appears to be one of the few PC vendors succeeding within a weak market.
For the firm's fiscal second quarter that ended on September 30, it reported record sales of $8.7 billion, representing an increase of 11 percent from the same period in 2011.
Elsewhere, PC shipments rose by 10.3 percent, which is a commendable gain when considering that shipments for the overall PC industry decreased by more than 8 percent.
Lenovo now boasts a 15.7 percent share of the global PC market, which is its highest market share since its inception. Hewlett-Packard remains as the market leader with a market share of 19.5 percent during the last quarter.
With record sales, Lenovo is now the world's biggest laptop vendor, with second-quarter shipments rising by 11.3 percent from 2011. Desktop shipments rose to 8.8 percent, with the overall industry dropping by 9 percent.
The company made a net profit of $162 million in the second quarter, an increase of 13 percent from $144 million in 2011. Earnings exceeded $154.6 million, subsequently beating analysts' estimates.
As for its mobile division, Lenovo made $718 million, representing a 155 percent increase from 2011. The firm is now among the top five global tablet vendors through a market share of 1.4 percent.
"Our global PC market share reached another historic high, moving us closer to our dream of becoming the worldwide PC leader," Lenovo CEO Yang Yuanqing said.

To say the least I was impressed by it, I didn't need to reinstal the OS or really touch anything. I was surprised once again when I popped open the case it had only the bare minmium micro ATX board, etc (no room for upgrades, but who upgrades a prebuilt?) but the case was well built with rounded corners and held things in securely and they even had rubber/silicon gromets on the fan to reduce the fan vibration/noise. Which helped explain why the computer was always whisper quite.
So yes I am happy with Lenovo, the few extra steps they took over the competition are well appreciated from what experience I have with them.
My parents bought one once. They ended up giving it back as the wlan radio was broken (it could only see 5ghz networks despite being 802.11g capable).
They bought a toshiba instead.
lol it's still "due" and yet every second PC manufacturer is posting profits or breaking even.
i lol @ analysts. I've helped friends build at least 3 PCs, upgrades some parts of my own, built another for dad from some left over parts, and helped 3 people get laptops. Another one shall be built by the end of this year.
obviously you haven't heard the story of the AIO computers that are catching fire all over the world
My sister had an IBM ThinkPad back in the day. She gave it to me. It was the first laptop I ever owned and how I learned the inner workings of a laptop. It was a marvelous device despite at the time being a few years old. I was even able to start college seven years ago with it (mind you it was over six years old by then). Lenovo, from what I've heard, has done a good job continuing IBM's former PC line. Still looking at them for a future laptop purchase.
Some models have issues playing bluray and have very poor quality webcams. Outside of those two issues theres been few issues with the ones I've seen.
Which is why i put in the laptops too
But yeah, we have a 8 year old IBM ThinkPad too...still works, though with 1MB/s sequential reads, it's barely usable.
I spoil myself as I've had my own business in tech and have replaced my laptop every 2 years for the past 16 years or so. All this time I've Dells simply because 1. I liked the aesthetic of the their business-class machines, 2) they were always reasonably priced, 3. they were completely configurable, 4. they were very quick to outfit their top-end machine with the latest and greatest tech. Usually at the end of 2 years I was itching to get my new machine.
Last laptop I bought, however, was a Lenovo W510. I got it nearly 3 years ago. I have no desire to replace it any time soon. Admittedly, I did upgrade to a SSD after having it for a year, and that give it a great performance boost, but more important than the performance is the construction and the feel... I'm very sloppy about how I care for my stuff, I don't take good care of things at all. This laptop still feels like the day I got it, and something about the matte finish of the case makes it even look like the day I got it. The cover clicks closed nice and tight, the hinges open slow and smooth, the keyboard feels solid - better than any other keyboard I've used. The screen is IPS and very bright.
My biggest gripe about Lenovo (and it's really a gripe with most of the big laptop makers) is that they've moved to putting numeric keypads on almost every business model. I HATE having my main keyboard being off-center from the laptop screen! I really wish they'd offer different keyboard options in the same way they offer different screen options.
Cheers,
CList