Corporate News

Lenovo’s annual revenue surged past US$60 billion for the first time with net income grew 77% to US$1.2 billion in FY20/21.

Lenovo ranked the 25th in a report named “Most Innovative Companies 2021" issued by Boston Consulting Group to recognize our efforts in innovation-led transformation.

Lenovo's board of directors approved the proposed issuance of Chinese depositary receipts ("CDRs"), and the application for listing and trading of the CDRs on the Science and Technology Innovation Board of the Shanghai Stock Exchange.

Worldwide PC shipments totaled 79.4 million units in the fourth quarter of 2020, a 10.7% increase from the fourth quarter of 2019, according to preliminary results by Gartner, Inc. The top three vendors in the worldwide PC market remained unchanged from the previous quarter, although Lenovo continued to widen its lead over HP.

The latest Canalys data shows that worldwide PC market growth accelerated in the last quarter of 2020, as shipments of desktops, notebooks and workstations increased by 25% from a year ago to reach a record 90.3 million units. Lenovo held first place in the PC market in Q4 with record shipments of 23.1 million units and year-on-year growth of 29%.

IDC just published CY20Q4 WW PC Preliminary result. Worldwide traditional PC market landed at 91.6M units, up 26.1% YoY, higher than IDC Nov forecast of 85.3M units. Lenovo maintains global no. 1 PC position and has expanded market share leadership in the global PC market. It is also the fastest growing company among global top-3 PC brands.