Lenovo Still Top Dog In PC Market Share, Grows To 20 Percent In Q3 On 15.7 Million Units

Lenovo continues to lead the PC market when it comes to global PC shipments. According to a report released by the International Data Corporation, Lenovo’s market share has increased to 20 percent for the first time.

Lenovo led the pack by shipping a record volume of 15.7 million PCs. HP was in second place with 14.7 million (18.8 percent) and Dell shipped 10.4 million PCs (13.3 percent). The report stated that Lenovo’s market share increased to 20 percent for Q4 2014, up from 17.7 percent back in the third quarter of 2013.

“Reaching the 20% mark in global PC share is a great milestone for Lenovo – and we got there even faster than expected, “said Lenovo CEO Yang Yuanqing. “ While others have been looking for a game plan that works, we have been executing ours and the results speak for themselves. Not only have we reached another record high and solidified our PC leadership position for the 6th straight quarter, but we have diversified our business at the same time. We are number 2 in the growing PC+tablet market and number 3 in global tablet sales and servers. And we will soon be number 3 in worldwide smartphones. Even as our revenues approach $50 billion, Lenovo has remained consistent and nimble.”

Global PC shipments totaled around 78.5 million units for the third quarter of 2014 and was able exceed forecasts. The IDC initially forecasted a year-on-year decline of 4.1 percent for the market but that estimate improved to minus 1.7 percent in its latest report. Commercial PC purchases were the main factor that helped Lenovo, Hewlett-Packard, and Dell to have a solid year-on-year growth.

Meanwhile, Lenovo is not looking to slow down. The company recently launched its Yoga 3 2-in-1 Ultrabook and, in September, revealed it was closing a $2.1 billion deal with IBM that would make it the third largest server player in the world.