Years after buying the pioneering personal computer (PC) division of International Business Machines Corp. (NYSE: IBM), Lenovo has turned the company into the largest PC manufacturer in the world. Despite its part in an industry that has been undermined by smartphones and now wearables, Lenovo has the global market share lead and likely will not give it up. Its position in the huge Chinese market almost ensures that.
The PC industry as a whole has not been healthy recently, particularly because of the spectacular growth of smartphone sales. Gartner Research analysts point out:
Worldwide PC shipments totaled 71.7 million units in the first quarter of 2015, a 5.2 percent decline from the first quarter of 2014, according to preliminary results by Gartner, Inc.
“The PC industry received a boost in 2014 as many companies replaced their PCs due to the end of Windows XP support, but that replacement cycle faded…
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