Lenovo Ends 2018 on High Note, Even as Global PC Market Sags
Chinese PC giant Lenovo Group Ltd. retained its global crown for a second consecutive quarter at the end of last year, with the company’s shipments posting growth even as the broader market contracted, according to two new surveys published on Friday.
Lenovo’s resurgence came on the back of its purchase of the PC assets of Japan’s Fujitsu Ltd. last year, which helped the company post growth for the year even as the global market shrank, according to research houses Gartner and IDC. That helped it to take the spot as the world’s largest PC seller from U.S. giant HP Inc. in last year’s third quarter, and retain that position in the fourth quarter as well.
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