Lenovo® nears the crest
Lenovo has surpassed Dell to become the world's second biggest PC maker. Despite the sluggishness in the market, Lenovo continued to register growth in the third quarter, emerging as the second largest PC maker in the world, according to market researchers IDC and Gartner Inc. In a statement, IDC said, "Lenovo has now outpaced the market by more than 10 per cent for the past nine quarters, and by 20 per cent or more in six of these periods. The results moved Lenovo ahead of Dell in the third quarter after trailing by a small margin in the second quarter."
HP experienced tremendous growth during this period; the company's shipments increased by 15.1 per cent and the market share reached 28.9 per cent, despite the expected spinoff of its PC division. Dell, on the other hand, put up a rather disappointing performance during the third quarter. The company's shipments went down by 7.2 per cent.
Experts say Lenovo's merger with NEC and the acquisition of Medion AG fuelled this growth. Mikako Kitagawa, principal analyst with Gartner, said, "As the PC market faced a slowdown, vendor consolidation has become a more apparent trend in the industry. Lenovo's recent merger with NEC, and its acquisition of Medion, as well as HP's announcement that it may spin off or sell its PC business, underlined this trend during the quarter."