[photopress:Yang_Yuanqing.jpg,full,alignright] Lenovo, China’s top personal computer maker, has posted its best quarterly results since purchasing IBM’s PC arm in 2005.
The world’s third-largest PC manufacturer earned $57.7 million in the three months ending on December 31, up 23.2% from $46.8 million the same period a year earlier.
Lenovo held its position as the top PC maker in Asia-Pacific, excluding Japan, with a 21.6% share in the fourth quarter last year. For 2006, the company had 19.9% of the market, followed by Hewlet-Packard with 12.6% and Dell with 8.8%.
Yang Yuanqing, Lenovo’s chairman, seen above, said, ‘Continued high growth in our China business enabled Lenovo to hold global market share. All of our geographic regions except the Americas reported profitability this quarter in a very competitive market.’
Noticeable is the fact that in the United States Lenovo is fighting in a viciously competitive market and there its results have not been as good as Lenovo would have wished. And IBM is, as noted earlier, is selling down its Lenovo sharing holding into single fighures. Lenovo is still, however, doing well as Asia-Pacific takes up the slack.
The most interesting developments for Lenovo are at Dell where the founder, Michael Dell, has taken back direction of the company and is slashing costs to get market share. The fight for the American market will become even more intense than it is at the moment.
You must log in to post a comment.