Lenovo, the large Chinese PC manufacturer, is now closing in on the iconic HP in their largest market.
The Globe and Mail is reporting that Lenovo now has 14.9% of the PC Market, while HP has 15.5% (IDC report). Lenovo beat professional estimates with a 30% rise in quarterly profits on August 16th, that means that Lenovo pulled in about $8 billion. This is good news for Lenovo, as the PC Market has been slowing down rapidly with the rise of mobile devices.
“China’s macro economy has shown some uncertainty because of real-estate bubble controls and weak exports. But from a long-term point of view, I’m still very optimistic,”
-Yang Yuanqing; CEO at Lenovo
Since 2005, Lenovo has been making ThinkPads, after they acquired IBM’s Personal Computer division.
The Lenovo laptops are well liked for their well-made keyboards, by technology reviewers.