Lenovo Planning to Surpass Dell in Sales This Year
Lenovos Chairman, Liu Chuanzhi, recently stated that he expects the company to surpass Dell in sales by year end and become number 2 in WW PC sales (PC World). Based on the companys internal metrics, combined with remarkable momentum in the market, Lenovo fully believes that it will continue to outgrow the market, outpace the competition and quickly become the second-biggest PC company by marketshare in the world. Lenovo recently reported strong first quarter results (August 17, 2011). For seven straight quarters, it has been the fastest growing major PC maker. In Q1, Lenovo hit a record high for both market share (12.2%) and unit sales (over 10 million) worldwide. The company climbed to number 3 in worldwide PC share and continues its fast ascent.
Lenovo has tremendous momentum in the market. We continue to not only outgrow the market, but also significantly outpace our competitors. With our own rapid growth, combined with the successful execution of our joint venture in Japan with NEC and our acquisition of Medion in Germany, we fully expect to be number 2 in worldwide PCs this year. PCs continue to be a very strong core business for us. Even as we invest in new areas like tablets and mobile internet, we see great opportunity in PCs around the world. We are committed to the PC space for the long term and expect it to continue to fuel profitable, balanced global growth for Lenovo.
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