Monday, July 15, 2013

Lenovo Overtakes HP to Become World's Top Computer Vendor.

Chinese computer manufacturer Lenovo has overtaken the US firm Hewlett Packard (HP) to become the world's leading PC maker, according to the research firm Gartner.

In a release, Gartner says that Lenovo has risen to the top for the first time in its history with a worldwide share of 15.7 percent, above HP which has a 15.5 percent share.

US tech company Dell has been placed third with a 10.5 percent share.

"In addition to acquiring other vendors, Lenovo has also taken an aggressive position on pricing, especially in the professional market," the research firm notes. As a result, Lenovo has achieved significant market share gains over the last two years, exceeding regional average growth rates across all regions.

Data from the firm also shows that Lenovo, which makes the ThinkPad, is the only computer manufacturer which has seen a year on year third quarter increase in shipments to the US.

Lenovo's second quarter profits increased 30 percent from the previous year to $144m (£92m) despite the slowdown in the Chinese economy due to falling global demand.



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