Lenovo No 3 in smart connected devices market
March 14, 2013 Category Uncategorized
Lenovo Group has overtaken Hewlett-Packard to become the world’s No 3 smart connected device vendor in 2012, thanks to a rapidly growing smartphone market share, according to International Data Corp (IDC). Samsung and Apple remained the top two in the global smart connected device market, which refers to smartphones, tablet computers, laptops and desktop computers. Smartphone sales jumped 46.1% in 2012 and tablet sales soared 78.4% while sales of desktops and laptops both declined, according to IDC. Samsung led the market with a 20.8% share, followed by Apple’s 18.2%, Lenovo’s 6.5%, HP’s 4.8% and Dell with 3.2%. Smartphones are a growth area for Lenovo as sales grew from 3.7 million units in 2011 to 23.7 million units in 2012. Lenovo named Jerry Yang, a co-founder and former Chief Executive of Yahoo, as a “board observer”. In a regulatory filing, Lenovo said Yang’s role was to attend board meetings and share his views, but he is neither a Director nor an officer of the firm.
Lenovo is forming a new and highly autonomous Americas unit to strengthen its North and South American operations. With its take-over of IBM’s PC operations, Lenovo inherited production facilities in the U.S. state of North Carolina, which have continued to serve as one of its major global operations. The separate Americas unit will formally be launched on April 1 and will be headed by Gerry Smith, head of North American operations. The formation of a regional unit with this degree of autonomy will be a new experiment for Lenovo, which previously made all of its major decisions out of Beijing. Its Think line computer operations will also be based in the U.S.
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