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Friday, Apr 12
Though Lenovo (LNVGY.PK) hasn't been unscathed by plunging PC sales, it's definitely faring...
Though Lenovo (LNVGY.PK) hasn't been unscathed by plunging PC sales, it's definitely faring better than H-P (HPQ) and Dell (DELL). Whereas IDC estimates H-P and Dell's global Q1 PC shipments respectively fell 24% and 11% Y/Y, it thinks Lenovo's shipments were roughly flat at 11.7M, as a 210 bps share gain offset a 14.9% industry shipment drop. The reasons for Lenovo's success: a strong focus on emerging markets, a willingness to sacrifice margins to gain share, and an ability to cut costs by vertically integrating some component production and assembly work.