Lenovo: We’re Back In Growth Mode
In the PC market, the rising economic tide is lifting numerous ships. But Lenovo claims to be enjoying the biggest lift of all. A case in point: Based on their latest quarterly results, Lenovo says the company’s PC sales grew faster than its top four PC rivals for the second consecutive quarter. Here are the details.
As CNet highlighted:
The Hong Kong PC maker reported on Thursday a fourth-quarter net profit of $13 million versus last year’s fourth-quarter loss of $264 million. Sales for the quarter ended March jumped 56 percent to $4.3 billion from $2.7 billion in the year-ago quarter.
More Than Notebooks?
No doubt, Lenovo continues to enjoy strong branding in the notebook market. But the company has also been striving to differentiate itself from traditional hardware suppliers. A case in point: Lenovo in April 2010 launched the “first” server designed for managed services providers.
Jay McBain, director of SMB for Lenovo, described the strategy in this FastChat video:
In the managed services niche, it’s safe to expect Lenovo to integrate with more and more MSP software platforms. And Lenovo continues to build out its server partner network.
But for now, notebooks remain Lenovo’s primary lifeblood, according to the company’s most recent financial results.