Booming Sales Drive Lenovo to #2 PC Spot

Lenovo recorded booming PC sales for the fourth quarter, almost ten times the rate of the PC industry, the company said. 

Lenovo's notebook PC sales for the fourth quarter topped $4.2 billion, representing 44 percent growth over the same period a year ago. Desktop sales also increased 43 percent to $2.4 billion. Both represented increases of almost nine times that of the rest of the industry. 

Lenovo's PC business was the fastest-growing among the top four PC vendors, and the company's sales have propelled it to the second spot worldwide, the company said, behind HP. Lenovo also claimed it has become the number two tablet provider in China, and number four in the world. 

The robust growth drove profits attributable to equity holders to $67 million, a 73 percent increase over the same period a year ago. Sales grow 37 percent to $7.50 billion. For the fiscal year, Lenovo recorded sales of $29.6 billion.

"During the fourth fiscal quarter, Lenovo was the fastest growing among the top PC vendors in Global Emerging Markets, and Commercial Markets, as well as Consumer Markets and Mature Markets, where for the first-time ever, we reached double-digit market share in both," Yang Yuanqing, Lenovo's chairman and chief executive, said in a statement. "We furthered our leadership position in the Global Emerging Markets, in which Lenovo already achieved double digit-market share in 15 markets and became number one in India. With the emergence of multiple devices such as smartphones, tablets and smart TV, our industry is entering the PC + era. Lenovo is focused on leading the PC industry, and building upon that leadership in the PC+ era." 

Lenvo recently launched a "new family of ThinkPad notebooks, with new designs and Intel's new "Ivy Bridge" third-generation Core processors. They include the ThinkPad X1 Carbonand the ThinkPad X230 Tablet.