China-based Lenovo Group has become the world’s number one maker of personal computers.
Research firm Gartner reported on Wednesday that the Chinese company knocked California-based Hewlett Packard from the top spot in the third quarter of 2012.
“We are establishing even deeper roots in each major market around the world. In addition to localised sales and distribution teams in major markets, we are establishing an even stronger manufacturing footprint,” Yuanqing Yang, Lenovo Chairman and CEO, said in a statement about the continued growth of the $8.2bn company…
The Chinese company, which vaulted into the PC market by buying IBM’s personal computer division in 2005, took the top spot for the first time by growing its market share to 15.7 per cent, shipping an estimated 13.77 million units during the quarter, up nearly 10 per cent from a year ago, Gartner said…
Overall, however, global demand for personal computers dropped over eight per cent last quater because of the rise of portable gadgets such as tablets, as well as a slowing economy.
Lenovo’s rise highlights the advance of China’s technology firms on the world stage in recent years as a result of aggressive pricing, overseas acquisitions, and taking advantage of a fast-growing home market.
This year the company has bought Brazilian electronics maker CCE, valued at a base price of $148mn, and US cloud computing firm Stoneware.
Good grief. Hasn’t the Party-formerly-known-as-Republican discovered this was happening? Surely this must be another reason for several of the Congressional committees they control to waste more taxpayer dollars in hearings aimed at building more fear and trepidation among voters.