Lenovo Statement on July 2014 PC Industry Rankings

According to the latest industry figures reported today (July 9, 2014) by IDC and Gartner, Lenovo is the clear global leader in PCs for the 6th straight quarter.

In reporting shipments for 2Q 2014, IDC said Lenovo achieved 19.6% global PC market share, up 1.9 points from 17.7% in Q1.  Lenovo more than doubled its lead on HP, the number 2 player (from .5 points to 1.3 points).  The company grew 15.1%, still the fastest among the top 5 manufacturers, even though the market declined -1.7%, according to IDC.  In the US, IDC reported that Lenovo strengthened its number 3 position, climbing to 11.5%, and increasing its lead over Apple from just .1 points to 1.5 points.  This performance added up to more than 15.5 million shipments (using IDC numbers) for the quarter.

Gartner reported 19.2% WW share for Lenovo this quarter (1Q 14 by the Gartner calendar) versus 16.7% share last quarter, 1.5 percentage points ahead of number 2.  Gartner said Lenovo had the fastest growth among major vendors, with double digit growth in nearly every region.

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

“Lenovo has again proven our ability to drive growth, no matter the market conditions. We are pleased to see the PC market improving, as this creates even more opportunity for Lenovo to build on our momentum.    We have demonstrated we can win in PCs, and expand into other devices all while improving profitability.  Today, we are number 1 in PCs, number 2 in the growing PC+Tablet market and number 3 in smart connected devices.  Now we have a potent balance: a proven core PC business and new strong growth engines in mobile devices and in our enterprise business.

These results show the formula for success – a clear strategy, innovative products, operational excellence, and a diverse global team – is clearly working.  They prove our ability to win in mature businesses like PCs, and drive growth in those that are shifting to maturity. This is our stronghold because we have a unique ability to balance innovation and efficiency.

The global PC industry is a more than $200b business, and the market is getting healthier. Through innovation, consolidation and operational excellence, I am confident we will remain on track to achieve our targets and deliver on our commitments for profitable growth in our core businesses.”

  • Key Financials (Q4/Full Year announcement — May 21, 2014)
  • Record full year revenue at $38.7B, up 14% YTY;
  • Record full year PTI at $1,014M, up 27% YTY — 1st time to exceed the 1B milestone;
  • Record full year earnings at 817M up 29% YTY.Lenovo’s fourth quarter mix of sales from its Mobile Internet and Digital Home products was 13 percent of total revenues, up from 9% 1 year ago and 6 percent 2 years ago
  • Lenovo posted record total device volume of 114 million, up 37 percent year over year or nearly 4 devices every second
  • Number one in PC w record volume: 55M, +5% YTY;12.8pt mkt premium w record 17.7% share, +2.1pts YTY
  • Number two in “PC+Tablet” category w record volume: 64M, +18% YTY
  • Number three in “Smart Connected Devices” (SCD) w record volume: 114M, +37% YTY
  • Fourth consecutive quarter we sold more tablets and phones (59M) than PCs (55M)
  • Smartphone: Record 50 million volume and share gains in China and ROW
  • WW shipments up 72.3% vs mkt + 36.4%. Share of 4.6% +1.0pts YTY; #4 in WW smartphone
  • China 44.5 million shipped +55.2% vs. mkt: +46.2% YTY; share: 11.8% up 0.7pt YTY
  • ROW 5.7 million shipped +11.4x vs. mkt: +31.6% YTY; share: 0.9% up 0.8pt YTY

About Lenovo
Lenovo (SEHK:0992) (Pink Sheets:LNVGY) is a US$39 billion personal technology company, the largest PC company in the world, serving customers in more than 160 countries. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smartphones. As a global Fortune 500 company, Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; Sao Paulo, Brazil, and Raleigh, North Carolina. For more information see www.lenovo.com.


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