Chinese PC sales juggernaut Lenovo rolled into town with another set of double-digit growth numbers for its fiscal Q3 as rivals continue to scratch around for what they can get. The firm hasn't yet toppled HP from the top of the global PC market but sales were up 12 per cent to $9.4bn and profit rose 34 per cent to $205m for the …
Re: Stagnating market does not preclude winners
Which part of "PC shipments up 8% worldwide in the last quarter" didn't you read? The PC is not a stagnant market, just not as hot as non-PC devices. You really need to get out of the North America/EMEA mindset and realize that just because you aren't planning on buying a new PC, other people are.
Smartphones and tablets are excellent entertainment/communication devices for people who don't need a PC - which is a shed-load of people in North America and Europe who have bought PCs in the past. But in Asia, there are still millions of people for whom a PC is still what they need - and they don't have one! This is where Lenovo and Acer are based and they realize this is where their growth lies.
When IBM sold off its PC sector to Lenovo they were making a smart move for a developed world company and when Lenovo bought it, they were making a smart move for an Asian-based company. These figures pretty much bear that out.
PC Sales in the toilet
I started thinking about a wall mounted dispensing machine, big enough to carry quite a few laptops. Then I realised that I'd misunderstood and was getting confused (again).
Re: PC Sales in the toilet
A wall-mounted vending machine, located in a public toilet, would certainly explain why the iPad appears to sell so many...
Re: PC Sales in the toilet
Wrong, er, Pad...
Good bits about lenovo.
Well made. Good spec for good price.
Cash back deals
Windows 8 / 7 downgrade / upgrade
Using differeing part numbers depending on what system you are in
Lenovo docking station compatibility information.......
Generalised specification where everything is listed as an option and nothing is confirmed as either in a specific system or not.
Turnover is vanity, profit is sanity
It's a 34% rise, but a 34% rise on something that was giving them ~1.4% profit (and now gives them ~2%) of profit on turnover. This is still pretty insignificant given that Lenovo is geared towards the business market, which should make more than the consumer market. If Lenovo can continue this growth trend for the next ten years, then they can indeed flip the bird to the rest of the market, otherwise they don't have that much to be proud of.
May be a short lived belly laugh
It would seem that the UK, US and Asian economies are teetering on the edge of a deeper economic recession. Lenovo might have captured some contracts that are helping them currently, but like Microsucks and InHell, Lenovo is not immune to the worlwide economic meltdown.
Sales down? I'm sure it has nothing to with price and quality. Nope. Not a thing.
Initial Tablet fizz fading....PC still No 1 for productive work
From what I am seeing the 2012 Christmas tablet buzz has faded. People who bought tablets over christmas now see their limitations, they like the convenience of them, however they realize their only a secondary device and not capable of long duration serious work.
The PC / Laptop (be that Windows, Mac or Linux OS) is still the defacto primary productive choice for 99% of individuals.
Windows 8 is actually fine once you learn a few shortcut keys.
The ultrabook prices are finally starting to drop, Dell Inspiron 15z is an example of a quality device well priced.
When touch becomes the norm on mainstream laptops I expect a jump in demand.
Still plenty of life in the PC / Laptop market once the product innovates like Windows 8.
It's sensibly servicing markets where PC's still show growth and is skillfully nicking business where it isn't, ergo from Dell, HP and others. Nothing wrong in this tack but don't for one minute think Lenovo will stick to this tram-line. They're big enough and astute enough to go for where the growth now is. when they have exhausted current growth potential.
Not surprised "someone" is trying really hard to push tablets, and away from PCs.
People aren't upgrading their PC software because it worked last year and works today. Thus no new money.
People don't have tablets, and are being told they MUST have one - and the new software too. - New money.