Lenovo eyes share expansion

Source: Xinhua | 2017-11-07

LENOVO Group Ltd, which returned to profitability in the fiscal second quarter, aims to tap its Thinkpad business to expand its market share in the high-end segment.

By 2016, Lenovo’s share of the personal laptop computer market in China was 30 percent while it captured almost 40 percent of the market for laptops which cost over US$700, Ryan Liu, director of marketing and strategy & operations and Thinkpad marketing of Lenovo China.

Globally, combined Thinkpad laptop sales hit 130 million units by last month. In China, Lenovo sold 2.5 million Thinkpad laptops in 2016.

Lenovo is marking the 25-year history of the Thinkpad.

Last week, Lenovo posted its strongest revenue growth in two years amid signs the PC market was stabilizing.

In the fiscal second quarter, China’s largest PC maker’s revenue rose 5 percent to US$11.8 billion. Its net profit was US$139 million in the quarter, turning from red in the fiscal first quarter.