The largest computer maker in China—Lenovo has reorganized its regional operations into two business groups, at the same time, it has also established two product groups to deal with the global financial crisis.
It is said that Lenovo will focus on the developed and emerging market, Milko Van Duijl, Lenovo’s president in EMEA (Europe, the Middle East and Africa) region, will be in charge of the mature market group, such as United States, Japan and Australia market.
In addition, the emerging market which Read more…
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The world’s fourth largest computer maker Lenovo Group recently unveiled its notebook ThinkPad X300 in Beijing, hoping to regain ThinkPad’s reputation and compete with HP, Dell, Acer and Apple.
Initially introduced by IBM in 1992, ThinkPad remained the longest lasting design franchise in computing history and was lapped up by businesses and traveling users. In 2005, the brand was sold to Lenovo along with IBM’s PC division due to poor financial returns.
In the past three years, Lenovo managed to increase the annual revenue of IBM’s previous loss-making business from $3 billion to $17 billion and has nearly tripled its profits. And it feels urgent to release innovative products like IBM to prove its ability.
“The launch of the new product has proved that we are capable of making breakthrough innovations and setting new standards for the industry,” said Yang Yuanqing, chairman of Lenovo Group.
According to Lenovo’s third-quarter result ended January, its revenue reached $4.6 billion, up 15% compared with the same period of 2006. And the company’s notebook shipments grew 38% annually and sales reached $2.6 billion, accounting for 56% of the total sales.
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China, Lenovo, notebook, ThinkPad
The largest computer maker in China—Lenovo has reorganized its regional operations into two business groups, at the same time, it has also established two product groups to deal with the global financial crisis.