Lenovo leaves behind HP in PC market

Lenovo has trumped HP to acquire the global No. 1 position in PC shipments, as per latest reports released by IDC and Gartner.

IDC reported that Lenovo had reached 16.7 percent global PC market share in the second quarter, up from 15 percent in Q2 last year. Gartner's report also put Lenovo at 16.7 percent of the market share, up from 14.9 percent a year ago.

Yang Yuanqing, chairman and CEO, Lenovo, said, "The PC market is changing, but it still represents a $200b opportunity. Lenovo can capture more of this opportunity than our competitors because we have built great balance over the last 4 years. PC leadership is strategically significant because it gives us the scale, brand presence and financial resources to aggressively attack the next frontier for growth-the "PC Plus" market, which includes tablets, smart phones, smart TVs and other "smart connected" devices. "

Globally, Lenovo has accelerated its transformation to become a top competitor in the PC Plus era, capturing a 5.9 % share of the global market for Smart Connected Devices and becoming the third largest supplier. 50% of the company's revenues now come from hot growth segments such as smartphones and tablets.

Yuanqing calls the ranking "just one milestone" in a long journey to lead the PC-plus market-a market that includes mobile devices such as tablets.