Lenovo becomes the third-largest PC manufacturer worldwide
Chinese computer manufacturer Lenovo has climbed up the ladder to become the world’s third-largest PC brand for Q2 2011, claims market research firm IHS iSuppli as reported on EETimes. The company exhibited the largest growth (23 percent year-over-year) during the quarter out of the top 5 competitors, while Acer experienced an almost equally large (20 percent year-over-year) shipment slump, thus allowing Lenovo to easily take the #3 rank away from the distressing Taiwanese manufacturer. HP and Dell continue to sit on first and second place, respectively.
Matthew Wilkins, a principal analyst from IHS, attributes the tremendous growth to Lenovo’s sales performance around the world. In particular, he mentions the “continuing strength in its home market of China” and rising demand from enterprise markets in the Asia-Pacific area and the United States. Lenovo recently reported an impressive revenue of $5.92 billion for the quarter ending Q2 2011.
Earlier this month, Lenovo CEO Liu Chuanzhi proclaimed that the company will aim for 2nd place in the PC market and knock down Dell in the process. He referred to both the stronger foothold that Lenovo currently has in the Chinese market compared to Dell and the upcoming Lenovo ultrabook as key factors in future performance numbers. In fact, according to data from IHS, the shipment gap between the two companies has reduced in Q2 of this year compared to the same quarter last year by well over a million units.
As for manufacturers outside of the top 5, Samsung currently holds the crown for the largest growth in shipment numbers at 31.3 percent sequential growth, IHS claimed. Other manufacturers, such as Asus and Toshiba, saw positive growth as well in the single digit percentiles. Overall, 85.6 million units have been shipped during the Q2 period, an increase of 3.7 percent and 6 percent from Q1 2011 and Q2 2010, respectively.