Lenovo aims to expand PC market share
(AP)
Updated: 2005-09-28 21:00

SHOULD BE CONFIDENT

"We hope we can double the growth rate, compared to the industry's," Liu said, referring to Lenovo's global sales.

According to market researchers IDC, global leader Dell was number four in China at the end of 2004 with a market share of 7.45 percent, and HP stood at 5.1 percent. Excluding IBM, Lenovo's market share at the end of last year was 26.3 percent.

IDC expects worldwide PC shipments this year to jump 14.1 percent to 204 million units.

It forecast that PC shipments in the Asia-Pacific would climb 14.8 percent in 2005, with China growing a tad faster at 14.9 percent.

Lenovo's landmark IBM acquisition allowed it to vault into the upper echelons of a hotly competitive global computer business.

The Chinese company's shares have surged by more than 50 percent since mid-July, as investor hopes grew that the company would quickly turn around the IBM division and become a global PC powerhouse.

Following the deal, Chief Executive Stephen Ward predicted that the firm would double its profit within three years.

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