Lenovo’s market share in the second quarter of 2013 hit 16.7% which makes them the top seller of personal computers and laptops in the world according to both Gartner and IDC. Hewlett Packard used to be the world number one computer supplier, but their share in the market fell to 16.3% in the second quarter of 2013.
Not only did Lenovo have a great achievement under their belt by becoming the worlds number one supplier of computers, but they also managed to climb 41 spots in the Fortune Global 500 list, which puts them in position number 329. Lenovo are one of the 89 companies based in China that are on the list.
Whilst the PC business is slowing down in todays economic climate with both IDC and Gartner showing continued declines over the second-quarter shipments, Lenovo’s shipments only fell slightly. When compared to the other manufacturing giants such as HP, Dell and ASUS, they got off fairly well as all of those manufacturers saw much bigger declines in their shipments.
The thing that sets Lenovo apart from the rest of the Chinese companies on the Global 500 ranking is its diversity of its revenue. Many of the Chinese companies are state-owned enterprises which rely mostly on their domestic sales. Lenovo and telecom equipment maker Huawei are both private companies who successfully sell their products around the globe. One example: Lenovo is a brand that is a top choice amongst the Indian consumers who are considering a PC purchase.
Source: CNN Money
