Lenovo Statement on PC Industry Rankings
The following statement can be attributed to Yang Yuanqing, chairman & CEO, Lenovo:
“We are proud that Lenovo has become the clear world leader in PCs, and we are grateful to our customers and to our global team for this success. Even in the toughest PC market ever, Lenovo has not only gained share, but we have steadily improved profitability and introduced even more innovative products for every market segment. The battle for PC leadership could certainly still go back and forth. But I am fully confident that there remains substantial room for profitable growth and groundbreaking innovation in the global PC marketplace.
“The PC market is changing, but it still represents a $200b opportunity. Lenovo can capture more of this opportunity than our competitors because we have built great balance over the last 4 years. In our traditional strongholds -- China and global commercial PCs -- we have continued to gain share and build sustainable profit engines. Meanwhile, we have built scale and improved profitability in global emerging markets (where we are the leader) and global consumer PCs (number 2 overall). Balancing growth and profitability across our entire PC business is our focus going forward.
“PC leadership is just one milestone in a longer journey to become a true leader in the “PC Plus” market, which includes tablets, smart phones, smart TVs and other “smart connected” devices. Already, we have made great strides in these areas. Today, we are the number 3 “Smart Connected Device” maker in the world. By continuing to focus on our formula for success – a clear strategy, innovative products, great execution and a diverse global team – I am confident that we can continue to drive profitable growth in our core business, and achieve the same success, over time, in the fast-growing PC Plus marketplace.”
HISTORICAL PERFORMANCE FROM 2012-2013 05/23/13 EARNINGS REPORT:
In Lenovo’s fiscal year ended March 31, 2013, IDC said that Lenovo had achieved a record global PC market share, expanded faster than the overall PC market for the 16th consecutive quarter, led the market in three of the seven largest PC markets – China, Japan and Germany – and reached double digit share in 39 countries.
More than half of Lenovo’s revenue then comes from outside of China. While delivering significant volume and revenue growth, the company’s profitability reached record heights with earnings up 34% last year.
Further, Lenovo has accelerated its transformation to become a top competitor in the PC Plus era, capturing a 5.9 percent share of the global market for “Smart Connected Devices” and becoming the third largest supplier. The company is the number 2 smartphone and number 2 tablet company in China, the world’s largest PC+ market. Further, more than 10% of the company’s revenues now come from hot growth segments such as smartphones and tablets.