Sunday, December 04, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple Sent Letter NHTSA Asking About Autonomous Vehicle Guidelines
Apple Blames Battery For Random iPhone 6s Shutdowns
Microsoft Stores Reveal Xbox Discounts And Offers
Researcher Bypasses The iOS Activation Lock
Facebook To Offer $20 million To Improve Silicon Valley Communities
Xiaomi Launches Voice -controller Mi Wi-Fi Speaker
Xiaomi "Denies" Mi MIX Nano Existence
Nokia D1C Specs Leak
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
Moto Z and Moto Z Force Are Now Google Daydream-Ready
IBM and NVIDIA Team Up on New Platform For Deep Learning
Fujitsu and Lenovo Confirm Talks Over PC Cooperation
New Lenovo Systems Commercial Desktops and Notebooks Are Featuring 7th Generation AMD PRO Processors
Lenovo to Take Over Fujitsu's PC Business
Lenovo Brings Fingerprint Authenticated Payments To Laptops
New IBM Linux Servers Feature POWER8 Chips And NVIDIA NVLink Interconnect Technology
Lenovo Reveals the Yoga Book, Yoga 910 Convertible Laptop And the Miix 510 Detachable
New Lenovo Virtual Reality-ready IdeaPad Y910 Strikes Hard
Scientists Imitate the Functionality of Neurons with a Phase-Change Device
IBM's Strategy Seems To Pay Off, Latest Results Show
AT&T and IBM Team to Bring Internet of Things Capabilities to Developers on IBM Cloud

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .