Lenovo becomes No.1 in PC market

CNC report from Washington
Added On July 13, 2013

China's Lenovo has become the world's number one personal computer supplier in the second quarter.

Meanwhile, worldwide sales of personal computers dropped for a fifth consecutive quarter, the longest decline in the PC market's history.

Global PC sales registered a year-on-year 10.9 percent fall in the second quarter.

Research firms Gartner and International Data Corporation released their statistics Wednesday.

Lenovo accounted for 16.7 percent of Q2 PC sales, passing Hewlett-Packard.

However, the industry continues shrinking, as shipments of PCs now declined for five consecutive quarters.

Every one of the five major PC companies had sales declines compared with a year earlier.
H.P. was able to hold its home market, the United States. While Lenovo dominates the share in China, Japan and Germany.

The company also climbed 41 spots on the Fortune Global 500 this week, ranking as number 329 now.

More than half of Lenovo's revenue comes from outside of China.