“Apple’s sales in greater China have for the first time overtaken those of Lenovo, the world’s third-biggest personal computer maker by shipment volume, results from the two companies confirm,” Robin Kwong reports for The Financial Times.
“Lenovo, which was the PC industry’s fastest-growing company for the seventh consecutive quarter, said on Thursday that its China sales rose 23.4 percent from a year ago to $2.8 billion,” Kwong reports. “Strong demand for iPhones, iPads and Mac computers pushed Apple’s second-quarter sales in greater China, which includes Hong Kong and Taiwan, up sixfold from a year ago to $3.8 billion.”
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Kwong reports, “Lenovo groups its Hong Kong and Taiwan sales separately from the mainland, under the ’emerging markets’ category, which also saw strong growth over the past quarter. But for Lenovo to even match Apple’s revenue for greater China, analysts say it would have to have notched up sales in Hong Kong and Taiwan of at least $1 billion. Jenny Lai, head of Taiwan Research at HSBC, said Lenovo’s sales in those two markets ‘would not be enough to make up the $1bn gap.'”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]
There’s news from HP saying they will be spinning off their PC business and they’ll be buying some British software company. I wonder if Lenova is the buyer of that PC business.
Bloodbath!
Here is the take for the MDN…
“Lenovo founder and chairman Liu Chuanzhi taunts Apple CEO Steve Jobs in an interview with the FT: “We are lucky that Steve Jobs has such a bad temper and doesn’t care about China. If Apple were to spend the same effort on the Chinese consumer as we do, we would be in trouble.””” -7/06/2010
Even with $2.8b sales from Lenovo, still wonder why people want to buy PC junks. For business it is because bonehead IT makes decisions. But for consumer, why PC junk? It is more expensive, more buggy, less useful. What a fool if you still buy PC.
The IT bozo’s need PC’s to keep work. Daily fix testing is job security.
“We have an extreme focus on the innovation of LePad and LePhone because these products will dominate the future market. Though Apple is winning a significant share in the Chinese market, it has not gained a clearly leading position yet. Our advantage is we know this market better.”
Liu Chuanzhi, Lenovo, 27 January 2011
Renault had LeCar. Look how that turned out for them.
Stand up and testify!
while at the same time this summer an analyst visits 4 college book stores and proclaims Apple’s sales are off. LOL.
And those figures don’t even include all the fake iPads, iPhones, iPods, etc. in China. If all those people actually bought an Apple device, the numbers would be through the roof.
Not sure about this — but I thought a number of those stores were reselling AAPL’s products. They just tried to pass themselves off as a real AAPL store.
China is a HUGE market, this may go VERY well for Apple where so few people have computers and want one.