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Lenovo has faith in PC market, especially with Windows 10 coming

Lenovo has plenty of faith in the PC market, despite continued slide in sales

By Michael Hatamoto from Jul 23, 2015 @ 13:30 CDT

The PC market has been all over the place in recent years, with vendors struggling to sell PCs and devices pre-loaded with Microsoft Windows 8. Chinese manufacturer Lenovo is the No. 1 largest PC manufacturer with around 20 percent of global market share, according to the IDC research group.

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However, Lenovo is aware that the PC market faces problems - with the company noting a Q2 7.5 percent year-over-year drop, while the PC market dropped almost 12 percent.

"We are starting to see a big consolidation in the market... we think that probably within the next 24 months, maybe four to five players will leave," said Gianfranco Lanci, COO at Lenovo, in a statement to CNBC.

Of course, there are reasons to be hopeful for PC vendors, and Lanci listed a couple of reasons, both in the hardware and software markets: "I think that where you see growth is for sure in the hybrid space being convertible, being 2-in-1 and I think we will continue to see it. We are quite confident that Windows 10 will be successful and it will help PCs for sure."

NEWS SOURCES:Cnbc.com, Images.bidnessetc.com


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