Friday, March 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Delivers Telemetry-free Windows 10 To China
Samsung Plans To Release New Curved TVs
ASUS STRIX GD30 Gaming Desktop Released
New Alcatel A30 and Moto G5 Plus Available On Amazon
CIA Used Sophisticated Hack Techniques To Apple Devices: WikiLeaks
Samsung Adds 4G LTE Capability to Gear S3 Classic
Micron's Revenue Increased Due To Strong Memory Chip Sales
U.S. Senate Puts ISP Profits Over Your Privacy
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Lenovo'...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, February 05, 2005
Lenovo's step back


Lenovo Group, the Chinese computer maker that most Americans had never heard of before December, made news today by reporting a slight rise in third-quarter profit on lower revenue. Despite the dip in sales, China's PC market is still fertile ground for U.S. companies.

Lenovo said net profit rose to $41.9 million, from $41.6 million a year ago. Sales fell to $809 million, from $839 million, despite what it said was a "significant" rise in notebook-PC sales.

IBM said in December that it was selling its PC business to Lenovo for about $1.25 billion. Lenovo, formerly known as Legend Computer, dominates the Chinese PC market with about a 28% market share. The company hopes its IBM acquisition will now help it to expand outside its borders to the U.S.--where it has virtually no presence--and to Europe.

Lenovo's third-quarter blip notwithstanding, China's PC market is flourishing. The country recently surpassed Japan as the second-largest PC market in the world, with a total of nearly 16 million units sold. Intel (nasdaq: INTC - news - people ), whose semiconductors power most of the world's PCs, saw its fourth-quarter sales to the Asia Pacific region soar 46%, to $4.4 billion--more than double the rate of growth for its Americas region.

Intel points out that China's market is ripe for selling unique systems for specific markets. In a recent presentation, the company disclosed a PC platform specifically for China's 100,000 Internet cafes.

Computer makers are also taking heed, marketing systems that probably would not sell well in the U.S. Hewlett-Packard is selling a sub-$500 system with the FreeDOS operating system. Others are selling PCs pre-installed with Linux. HP has reportedly stated that it wants to become the number-one seller of notebook PCs in China.

After it absorbs IBM's PC business, Lenovo's market share in China will near 35%. But, it doesn't register worldwide. IDC's preliminary fourth-quarter market-share numbers place Dell (nasdaq: DELL - news - people ) at number one with 17%, on 21% unit growth. HP came in at number two, with a 16% share on much slower growth of 9%. IBM has a 5.7% share worldwide, on 9.4% growth for the quarter.

In total, the worldwide PC market grew 14.7% in 2004, to 177 million units. China's PC market is unlikely to retain the 20% growth of the last several years, but should outpace IDC's projection of 10% growth this year.


Previous
Next
TiVo chief optimistic about future        All News        Abit USA announces 2004 results
TiVo chief optimistic about future     General Computing News      Digital cameras and TV's lift Matsushita profit 47%

Get RSS feed Easy Print E-Mail this Message

Related News
Wanda and IBM To Bring IBM Cloud to China
Researchers Store Data on A Single Atom
IBM Building First Universal Quantum Computers
MWC: Lenovo Showcases The Detachable Miix 320, New Yoga 720 and 520 Convertibles And The Tab 4 Series
New Budget-friendly Moto G5 and G5 Plus Come With Metal Designs
Lenovo 3Q Profit Fell On Weak Macroeconomic Environment
Lenovo Announces New Low Temperature Solder PC Manufacturing Process
Lenovo Showcases New Products and a VR-ready Mobile WorkstationAt SOLIDWORKS World 2017
New Lenovo Yoga A12 Android Tablet Offers Productivity At A Good Price
IBM tops U.S. Patents list Again , Samsung Follows
Lenovo at CES 2017
Lenovo Updates The ThinkPad Lineup, Adds Kaby Lake Chips, Optane Memory

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .