Lenovo Reinforces Strong Market Growth in Light of HP Woes
Lenovo isn’t kicking HP while it’s down, but the company is taking this opportunity to let everyone know it’s doing just awesome, thanks very much. Lenovo released a statement regarding its status amid the uncertainty in the PC and tablet world. Here’s a brief highlight on the PC manufacturer’s status …
Lenovo’s CEO, Yuanqing Yang, believes that there’s “plenty of room for profitable growth, innovation and longer-term success …” and that would be true. The PC market is still anyone’s game. But Lenovo says it’s got an edge since it’s focusing on innovation with its recent launch of tablets and the continuing development of business-class mobile computers that strive to be better than the last batch with uniquely tailored features for mobile workers’ needs. The statement Lenovo released also stresses Lenovo’s current growth, which apparently is accelerating “faster than any of the top five PC manufactures for seven consecutive quarters.” It’s true, Lenovo has put up some impressive numbers for Q1 of 2012, with 60 percent of its revenue coming directly from laptops.
So what’s the story here for the channel? Lenovo partners should certainly see this as the right time to take their current channel momentum and turn it up to 11. “Lenovo remains optimistic about the future of the PC market,” Yang said, and that’s certainly something to have during turbulent times. With $3.6 billion in net cash reserves, things should start to get interesting for Lenovo. And when Windows 8 hits the market, expect Lenovo to be a forerunner in the race.