Lenovo Bests HP in PC Shipment in 12Q3

Source: Netease, ChinaScope Financial (Data)

+       According to Gartner Research, Lenovo Group (0992: HKG) shipped 13.77 million units, accounting for 15.7 percent in the global PC market in 12Q3. With the result, the company has replaced HP as the top PC manufacturer in the world.

+       In the same quarter, HP shipped 13.55 million units for 15.5 percent of the market share.

Lenovo (0992: HKG)’s market share gain can be attributed to their low prices which are reflected in the company’s relatively modest gross margins. It is notable that net margins returned to positive after Mr. Liu’s return as chairman in 2009.

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