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Lenovo Grabs Second Position as HP Tops PC Market

Lenovo has become the second largest PC maker in the world, a new market report released by IHS iSuppli has claimed.

According to report by IHS, Lenovo shipped 12.5 million units in the third quarter of 2011, registering an increase of 14.5 per cent from the previous quarter and 24.8 per cent year-on-year.

The Chinese computer maker, which now ranks behind HP, raced ahead of Dell and Asus in the worldwide PC market. "Lenovo continues to capitalise on strong demand for PCs in its home market of China," said Matthew Wilkins, principal analyst at IHS, in a statement.

"While PC sales in the United States, Europe and many other regions are suffering because of weak economic conditions and rising competition from tablets, desktop and notebook sales remain red hot in China. This is allowing Lenovo to outgrow its U.S. rivals-and putting it in position to contend with HP for market leadership", he commented reports PCMag.

Overall, the global PC market increased to 90.4 million units in the third quarter, from 85.6 million in the second quarter. Asus grew the most among the top five PC brands, recording a growth of 36 per cent in shipments.