Lenovo becomes ‘world’s biggest’ PC supplier

Lenovo has become the No. 1 PC supplier in the world, according to a report issued by IDC and Gartner.
"Lenovo reached 16.7 percent global PC market share in the second quarter of 2013, up from 15 percent from the same period last year," the report said.
Gartner said Lenovo reached 16.7 percent share this quarter, up from 14.9 percent last quarter and the same 14.9 percent from the second quarter of last year.
"This marks the first time Lenovo has been the clear global leader in PCs," the report said.
In a statement, Yang Yuanqing, Lenovo chairman and CEO, said, "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."
He added that even in the toughest PC market, 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."
He also said that the PC market is changing but it still represents a $200 billion opportunity and that Lenovo can capture more of this opportunity than its competitors because it has built great balance over the last four years.
He added that "in our traditional strongholds — China and global commercial PCs — we have continued to gain share and build sustainable profit engines."
Meanwhile, he added, Lenovo has built scale and improved profitability in global emerging markets (where it is the leader) and global consumer PCs (No. 2 overall). Balancing growth and profitability across the entire PC business is Lenovo's focus going forward.
The Lenovo CEO added that 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," he said.
The report added that in fiscal year ended March 31, 2013, 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 comes from outside of China. While delivering significant volume and average revenue growth, the company's profitability reached record levels with earnings up 32 percent 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 number 2 smart phone and number 2 tablet company in China, the world's largest PC+ market. Moreover, more than 10 percent of the company's revenues now come from hot growth segments such as smart phones and tablets," the report added.