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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.
Comments (2)
  • Seppo Sahrakorpi
    , contributor
    Comments (1841) | Send Message
     
    And still the stock has taken a huge beating recently, down from ~$23 in early March to ~$17...Any ideas why?

     

    I am long $LNVGY.PK
    12 Apr 2013, 01:50 PM Reply Like
  • SivBum
    , contributor
    Comments (1398) | Send Message
     
    Not to mention it employs low cost Chinese DL and IL.
    12 Apr 2013, 02:03 PM Reply Like
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