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Lenovo's PC market share reaches 14%

Lenovo's strong quarter shows the brand continues to make headway in the global PC market.

Chinese technology company Lenovo has continued its rapid expansion in the PC market with another strong set of quarterly results.

For the three months to the end of December 2011, Lenovo again outperformed the market as whole, the 11th consecutive quarter it has done so.

It has now racked up nine straight quarters of growth that exceeds any of the top four PC manufacturers, which it says is down to a focus on "balanced growth across all geographies, customer segments and product lines".

The company's worldwide market share now stands at 14 per cent, a year-on-year increase of 3.7 percentage points. In Lenovo's native China, its market share is now 35.3 per cent.

"Despite the worldwide hard drive shortage in the past quarter, Lenovo continued to achieve strong growth with record results in market share and revenue, as well as record high in PTI (pre-tax income) of $192 million (£122 million)," said Yang Yuanqing, Lenovo chairman and chief executive officer.

"For the first time, Lenovo became the number one vendor globally in commercial PCs and in consumer desktop."

Lenovo achieved record sales of $8.4 billion (£5.3 billion) during the third fiscal quarter, marking a 44 per cent year-on-year rise.

PC shipments were up 37 per cent in a relatively flat market, while the company also has big plans for its smartphone and tablet operations.

"All these successes demonstrate that Lenovo has built a strong foundation for the next steps beyond traditional PCs," Mr Yuanqing added.

Lenovo's latest device is the IdeaPad Yoga, which further blurs the line between the ultrabook and tablet.

The key concept behind the IdeaPad Yoga is the presence of a dual hinge, meaning that the screen unfolds as it would on any normal laptop or notebook, but can be rotated a full 360 degrees, at which point it turns into a tablet.ADNFCR-1220-ID-801292803-ADNFCR