PC maker eyes larger market share
29 September 2005
Lenovo, the world's third-largest personal computer maker, aims to expand its share of China's fiercely competitive PC market to 35% by the end of 2005, Reuters reported. The company's market share stood at 32% at the end of June, 28% coming from Lenovo's own-brand business and the remainder from sales of IBM, whose struggling PC business was bought by Lenovo for US$1.2 billion this year. Market researchers IDC expect PC shipments in Asia to rise by 14.9% this year, compared to a worldwide figure of 14.1%.