| ||Thread Tools|
|17th July 2012, 08:55||#1|
Join Date: May 2010
Lenovo on track to overtake HP
Lenovo will overtake HP as the world's biggest PC maker by sales this year which makes it the first Chinese company to grab the top spot globally in a technology sector.
The maker of the ThinkPad is seen as a shining example of the advance of China's technology firms, or as a warning to Western companies about the perils of stuff-ups, depending on which analyst you talk to.
Lenovo certainly has big elbows. It has forced its way into the market with a combination of aggressive pricing, overseas acquisitions and building on the fast-growing home market.
True, analysts cough, Lenovo's rapid gains in market share have come at the expense of profit margins and the company is expected to slow down a bit soon.
Frederick Wong, executive director at Avant Capital Management told Reuters that it was just a matter of time before Lenovo becomes Number 1 and it won't be surprising if it happens later this year.
IDC said that it has been a busy year for Lenovo, which only became the world's No. 2 PC vendor in the third quarter of 2011. But as the April-June quarter closed it was only a 0.6 percentage point away from HP's 15.5 percent.
Gartner thinks that there is an even narrower gap, with Lenovo just 0.2 percentage point away from HP.
Lenovo's rise was assisted by its purchase of Germany's Medion and a joint venture with Japan's NEC last year. It is also very pleased with its acquisition of IBM PC business in 2005 which started off its success story.
Some of its success has been because the big names like HP, Dell and Acer have decided to focus on margins rather than sales.
It might also suffer as the global economy, including Lenovo's home turf and stronghold China gets worse. In other words its market share is getting better but its profits are sliding.
|Thread||Thread Starter||Forum||Replies||Last Post|
|Google Chrome will Overtake Internet Explorer in 2012: StatCounter||Stefan Mileschin||WebNews||0||3rd January 2012 08:59|
|Digital Video Game Sales Overtake Retail in Q2, Sort Of||Stefan Mileschin||WebNews||0||7th October 2011 07:56|
|In-Win TRACK||jmke||WebNews||0||10th February 2011 16:18|
|OCZ Hopeful: SSDs to overtake HDDs in price/capacity in 2012||jmke||WebNews||12||6th October 2009 22:44|
|Atlantic: Digital music sales overtake CDs||Shogun||WebNews||0||29th November 2008 00:52|
|ATI next gen R600 is on track for Q4||jmke||WebNews||1||13th June 2006 14:53|
|IBM and Lenovo Deal Finalized, IBM’s PC Unit Acquired by Lenovo||jmke||WebNews||0||9th December 2004 10:43|