Lenovo Statement on October 2014 PC Industry Rankings

According to the latest industry figures reported today (October 8, 2014) by IDC, Lenovo is the clear global leader in PCs for the 6th straight quarter, reaching the 20% mark and achieving record global share.  Meanwhile, the global PC industry showed signs of improvement with a modest decline of just -1.7%, significantly better than IDC’s earlier prediction of a -4.1% decline.

In reporting shipments for 3Q 2014, IDC said Lenovo achieved 20% global PC market share, up from 19.4% in Q2.  The company grew 11.2% year-to-year, gaining 2.3 points and extending its lead over the number 2 player from .2 points to 1.2 points. This performance added up to more than 15.7 million shipments (using IDC numbers) for the quarter. 

The following statement can be attributed to Yang Yuanqing, chairman & CEO, Lenovo:

“Reaching the 20% mark in global PC share is a great milestone for Lenovo – and we got there even faster than expected.  While others have been looking for a game plan that works, we have been executing ours and the results speak for themselves.  Not only have we reached another record high and solidified our PC leadership position for the 6th straight quarter, but we have diversified our business at the same time.  We are number 2 in the growing PC+tablet market and number 3 in global tablet sales and servers. And we will soon be number 3 in worldwide smartphones. Even as our revenues approach $50 billion, Lenovo has remained consistent AND nimble.
We are confident our strong growth will continue because we are focused and will continue to leverage the current industry consolidation trend to fuel our growth in PCs.  Meanwhile we are consistent and clear with our strategy, which with the close of the System X deal and soon to be completed Motorola Mobility acquisition, will give us 3 growth engines – PC, Mobile and Enterprise.  And with the right balance of innovation and efficiency we will launch even more exciting PC, mobile, enterprise and ecosystem products in the near future and the long term.  Even this week, we will unleash new innovations that will strengthen our YOGA family and again excite our customers with new, creative and stylish products.
To keep our momentum, we need to keep finding new growth engines, and new ways to evolve our business.  PC was the first growth engine that launched Lenovo as a global leader, and it remains our core business.  Now adding mobile, enterprise and ecosystem, we are prepared to ignite our second stage rocket, and drive Lenovo even higher, even faster.”

NOTE: Gartner also reported Lenovo as the global PC leader with 19.8% WW share for this quarter versus 19.1% share last quarter, 1.9 percentage points ahead of number 2.  
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a $39 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products, including smartphones, tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.

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