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.
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Good for Lenovo, all I heard is good things from them anyways.Reply
China taking over the world!Reply
Not bad, Lenovo. Not bad.Reply
Can't complain a family member bought a lenovo and it had about no crapware on it besides mcaffe which was replaced by MSE very quickly. And microsoft office trial (i call it crapware though most won't, I just personally prefer other things) and a bunch of small programs that did various but useful things which took up no resources.Reply
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.
Bought a laptop off them. They usually have some ecoupon sales. My honest opinion is that it's still slightly overpriced but the assembly is durable and reliable. I have yet to have any problem with it (okay just one; if you remove their battery manager, the battery status glitched in my case). I think Lenovo is making big changes and good ones at that :)Reply
Thomas CreelGood for Lenovo, all I heard is good things from them anyways.Reply
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.
Despite the PC market due to experience its first declinelol 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.
Thomas CreelGood for Lenovo, all I heard is good things from them anyways.obviously you haven't heard the story of the AIO computers that are catching fire all over the worldReply
@ojas - the problem with your anecdote is that you are more or less proving the analyst's assertion. They're looking at PC shipments, you're talking about PC parts building a whole. In other words, PC shipments may very well be down, and part of that might be the fact that people like you are building more PCs. Now, I don't think that's necessarily a bad thing (for you or us who build our own PCs) but for HP, Lenovo, and other OEMs who exist on the sale of completed devices, more people building their own hurts them - and isn't reflected in most analyst's forecasts.Reply
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.
Levono is going to have to offer faster ethernet, Fast ethernet is not fast any more 100 Mbs, is slow compared to Gigabit ethernet! Levono, many people have NAS drives and Gigabit ethernet has been standard for a while now!Reply