Lenovo Soon To Overtake HP, Seen At No. 1 Position In Technology Sector

Posted on Jul 16 2012 - 6:14am by Editorial Staff

Lenovo hits with a gold stone, sounds irrelevant to some but in real not, as this is what according to analyst sayings. Reuters is reporting that Lenovo is on track to overtake Hewlett-Packard pretty soon, by somewhere around the end of this year, making itself as the first Chinese company to grab the no.1 position globally in a technology sector. Analysts also believe that the gains in market share are results of having the expense of profit margins, although the company facing slow in growth in the personal computers market. According to IDC’s data, Lenovo bags the no.2 position as PC Vendor in the Q3 2011, and having a 14.9 percent global market share in the April-June quarter this year. Furthermore, the company also recently had seen investing $30 million in Brazil to open its permanent shop in the country to further bright its color more into spring.

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