Saturday, August 01, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Sees Growth Beyond The Desktop With Windows 10
Yahoo Gets Fashionable With Acquisition Of Polyvore
NVIDIA Recalls SHIELD Tablets Due To Battery Issues
Firefox Attacks Microsoft Over Default Browser in Windows 10
Sharp to Exit Americas TV Market
Researchers Showcase Javascript-based Attack On a Computer's DRAM
Hackers Used Twitter hashtags To Extract Data From Compromised Networks
Facebook Unveils New Security Checkup Tool
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
IBM Acquires Compose to Expand Cloud Data Services
IBM Revenue Declines
IBM Develops 7nm Processor
IBM and Box Partner to Transform Work in the Cloud
New Lenovo ideacentre Stick 300 Brings Windows To Your Pocket
IBM Maintains Top Position In The List Of U.S. Patents
IBM Buys Blue Box to Accelerate Open Hybrid Clouds
Lenovo Outlines Its Vision For Future Connected Devices at Global Tech World Conference
Lenovo Unveils new Budget-friendly Laptops
Lenovo Delivers Solid Fourth Quarter and Full Year Results
MSI Denies Lenovo Buyout Report
Lenovo May Buy MSI Gaming Notebook Business: report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .