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English>>China Business

Lenovo now leads most of world's top markets

By Tuo Yannan (China Daily)

09:38, November 09, 2012

Lenovo Group Ltd, the world's largest PC maker by shipments, now leads five of the world's top seven PC markets, after adding Russia and Germany to its list, the company said on Thursday.

Reporting record high quarterly sales of $8.7 billion, an 11 percent increase year-on-year, China's largest PC company also turned in a record pre-tax profit of $204 million in the three months to September.

Yang Yuanqing, Lenovo chairman and chief executive officer, said the company will place a greater emphasis next year on making profits "rather than grabbing more market share", and aim to lift its pre-tax profit margin by at least one percentage point in three years' time.

Lenovo overtook HP in the third quarter to become the largest seller of personal computers measured by shipments, the IT research company company Gartner Inc said last month.

Until the third quarter, HP had held the leading position since 2006.

However, in seven large PC markets worldwide, the Chinese company said it now has five first places: at home in China, Japan, India, Russia and Germany.

Lenovo was ranked a lowly 14th and held only a 0.7 percent market share in Russia, for instance, in 2008, but now its market share there has increased to 14.1 percent, making it the dominant player.

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