Don't accuse Lenovo of putting all of its eggs in a single basket. That wasn't the company's strategy up to this point, nor is it the road to success going forward -- instead, Lenovo is kicking off the 2014 IFA Consumer Electronics Unlimited show in Berlin by showcasing three new tablet and gaming systems. They include the Tab S8, Y70 Touch laptop, and Erazer X315 desktop
After five straight quarters of being on top, Lenovo shows no signs of relinquishing its position as the world's largest supplier of PCs (in terms of sales and volume). The number one PC maker is also determined to outpace the industry average in desktop PC growth, hence Lenovo just announced three new additions to its ThinkCentre desktop PC line designed for business users as companies look to leave Windows XP in the dust.
Lenovo’s server division set for sevenfold increase in global market share
Lenovo’s $2.3 billion acquisition of IBM’s x86-based server business has been given the green light by the Committee on Foreign Investment in the United States (CFIUS), IBM announced in a press release Friday. All eyes had been on CFIUS, a U.S. government inter-agency body responsible for assessing security implications of such foreign investments, after the deal received the necessary regulatory approval in China last month.
Lenovo's strategy for the surviving the so-called "post-PC" era is to keep selling PCs
The number one supplier of PCs in the world continues to outperform the sector as a whole, while simultaneously taking advantage of the mobile market. Suffice to say, Lenovo has things figured out, though if you need hard numbers to drive the point home, you need only look at the company's results for its first fiscal quarter ended June 30, 2014. Continuing where it left off last quarter, Lenovo posted quarterly revenue of $10.4 billion, up 18 percent year-over-year, along with a 23 percent year-over-over bump in earnings to $214 million.
Lenovo is using its time at SIGGRAPH 2014 in Vancouver, British Columbia to launch its new ThinkStation P Series of desktop workstations. The new Lenovo P900, P700, and P500 workstations join the entry-level ThinkStation P300 announced in May of this year and have been completely retooled compared to Lenovo's previous generation of workstations. According to Victor Rios, Vice President and General Manager of Lenovo's Workstation division, these are the "best designed" workstations the company has ever built.
Company recently diverted ThinkPad 8 inventory meant for the States to other markets
On Thursday, a report quoting a Lenovo spokesman claimed that the Chinese PC vendor had decided to stop selling sub-10-inch tablets in the States “due to lack of interest” and was going to divert any remaining inventory of the ThinkPad 8, which debuted in January with a starting price of $449, to countries like Brazil, China, and Japan where demand for such 8-inch tablets continues to remain strong. The company has now issued a statement clarifying that the withdrawal of the ThinkPad 8 should not be construed as an exit from the market for sub-10-inch Windows tablets in the States.
Chinese PC vendor Lenovo’s $2.3 billion acquisition of IBM’s low-end server business has won the approval of Chinese Ministry of Commerce's anti-monopoly bureau, according to news agency Reuters. However, this is only half the battle. Announced in January this year, the deal now requires the approval of regulators in the States — something that could prove a bit tricky against the backdrop of the ongoing U.S.-China cyber standoff.
Not surprisingly, Microsoft is advising against using a registry hack that would allow Windows XP users to continue receiving security updates. Instead, Redmond advises upgrading to a newer OS. If you're finally ready to make the jump, check out today's top deal for Windows 8.1 64-bit OEM for $85 with free shipping (normally $100 - use coupon code: [EMCPEHC23]).
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Lenovo expanded its position as the No. 1 PC supplier in the world
The good times keep rolling for Lenovo, the company that continues to defy the odds with record growth. This time, Lenovo posted revenue of $38.7 billion for its full fiscal year, up 14 percent compared to a year ago and the highest it's ever been. In fact, Lenovo broke records all around, including pre-tax income of $1.01 billion, up 27 percent year-over-year and record full year earnings of $817 million, up 29 percent.
Lenovo, the world's largest supplier of PCs, added two new products to its portfolio today, both of which are intended for business users. They include the ThinkPad 10, a 10-inch premium multimode business tablet, and the redesigned ThinkStation P300, an entry-level workstation with an "intuitive new purposeful design" that's supposed to be easy to carry and deploy.