Lenovo Statement on July 2014 PC Industry Rankings
OREANDA-NEWS. According to the latest industry figures reported by IDC and Gartner, Lenovo is the clear global leader in PCs for the 6th straight quarter.
In reporting shipments for 2Q 2014, IDC said Lenovo achieved 19.6% global PC market share, up 1.9 points from 17.7% in Q1. Lenovo more than doubled its lead on HP, the number 2 player (from .5 points to 1.3 points). The company grew 15.1%, still the fastest among the top 5 manufacturers, even though the market declined -1.7%, according to IDC. In the US, IDC reported that Lenovo strengthened its number 3 position, climbing to 11.5%, and increasing its lead over Apple from just .1 points to 1.5 points. This performance added up to more than 15.5 million shipments (using IDC numbers) for the quarter.
Gartner reported 19.2% WW share for Lenovo this quarter (1Q 14 by the Gartner calendar) versus 16.7% share last quarter, 1.5 percentage points ahead of number 2. Gartner said Lenovo had the fastest growth among major vendors, with double digit growth in nearly every region.
The following statement can be attributed to Yang Yuanqing, chairman & CEO, Lenovo:
"Lenovo has again proven our ability to drive growth, no matter the market conditions. We are pleased to see the PC market improving, as this creates even more opportunity for Lenovo to build on our momentum. We have demonstrated we can win in PCs, and expand into other devices all while improving profitability. Today, we are number 1 in PCs, number 2 in the growing PC+Tablet market and number 3 in smart connected devices. Now we have a potent balance: a proven core PC business and new strong growth engines in mobile devices and in our enterprise business.
These results show the formula for success - a clear strategy, innovative products, operational excellence, and a diverse global team - is clearly working. They prove our ability to win in mature businesses like PCs, and drive growth in those that are shifting to maturity. This is our stronghold because we have a unique ability to balance innovation and efficiency.
The global PC industry is a more than \\$200b business, and the market is getting healthier. Through innovation, consolidation and operational excellence, I am confident we will remain on track to achieve our targets and deliver on our commitments for profitable growth in our core businesses."
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