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Lenovo Closes in on HP Sales

By August 21, 2012March 6th, 2023Technology News

Lenovo has shown outstanding growth in the past few quarters, and this last one was the most impressive of them all. Lenovo reported $8 billion in sales last fiscal quarter, up from 35% during the same quarter last year. The PC maker’s profit hit $141 million, an all-time record for the small company.

Lenovo owes its performance to the growth in its PC shipments this last year. Notebook shipments alone rose 27%, giving it a 15.4% share of the market (yet another record broken). Shipments overall jumped some 21% over the past year as well.

Lenovo says it owns 15% of worldwide PC sales, which puts them directly behind HP, who is struggling to keep their 15.7%. Canalys, a research firm, said that Lenovo has 12.1% while HP had 12.5% of the worldwide market for PC sales, but the tally included tablets.

Yang Yuanqing, Lenovo CEO, says that the company is “still confident that [we] are providing much better hardware than our competitors, including Microsoft,” when he was asked about Surface, Microsoft’s new tablet slated to be released this upcoming fall.

Smart marketing and the production of excellent, high-rated products has brought Lenovo to where they are today. Lenovo also dominates international markets by a landslide; 59.2% of the Asia-Pacific and Latin America area use Lenovo’s laptop computers. Sales in Europe, Africa, and the Middle East rose nearly 70% over the past year.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.