Thursday, November 26, 2020
Home India Lenovo India Aims To Double PC Shipment Volume in Financial Year 2020-21

Lenovo India Aims To Double PC Shipment Volume in Financial Year 2020-21

Lenovo India is equally dedicated to both the market segments - consumer as well as commercial

On the back of its strength in managing complex supply chains, Lenovo India is aiming to double its PC shipment volume in the financial year 2020-21 and log 15 per cent year-over-year revenue growth during that period despite the challenges brought about by the new coronavirus (COVID-19) pandemic, a top company executive said on Monday.

According to the International Data Corporation (IDC), although Lenovo emerged as the leader in the India traditional PC market in the calendar year 2019, HP Inc. regained the top position in the fourth quarter of last year as its shipments grew 8.6 per cent from the same time a year ago. While HP Inc.’s 4Q 2019 market share rose to 31.2 per cent, Lenovo came second with 22.5 per cent share in the traditional India PC market.

“FY 2019-20 was one of the best years for Lenovo India. Our PC volume is likely to double this year (FY 2020-21). We will mostly be the #1 PC company in India in FY 2019-20, with a likely share of approximately 32 per cent (i.e., +10.5 points year-over-year),” Rahul Agarwal, CEO and MD, Lenovo India, told IANS in an interview.

“We plan to grow our revenues by 15 per cent YoY (in FY 2020-21) and continue our share gain trajectory with 3-4 points share gain,” he said. Agarwal said that it was still too early to assess the impact of the novel coronavirus on Lenovo’s sales and supplies in India.

“We are focusing on things we can control and influence. Our business priority continues to be ensuring the health and welfare of the Lenovo workforce, continuity of manufacturing and rebuilding capacity, and assisting those working to contain the outbreak.

“Lenovo is leveraging its geographical balance, operational excellence and strength in managing complex supply chains across a global manufacturing footprint, and solid strategy execution in order to weather the challenges,” he noted.

In the India tablet market, Lenovo retained its dominance for the 10th consecutive quarter, grabbing 37 per cent market share in 2019, said a report from CyberMedia Research (CMR). “On the Android tablets front, we will continue on the path of undisputed leadership and plan to hit 50 per cent+ share in the next year (our likely exit share in Android tablets for FY 2019-20 is 47.5 per cent),” said the Lenovo India CEO and MD.

Propelled by the government-driven education projects and upgrade purchases for Windows 10, the India traditional PC market inclusive of desktops, notebooks, and workstations ended 2019 with 18.1 per cent year-over-year (YoY) growth, shipping 11 million units during the year, according to data from the IDC.

In one of the largest deals in the history of PC industry, Lenovo India supplied 1.56 million laptops to the Tamil Nadu government for distribution to students. The India tablet market, however, declined 18 per cent in 2019 compared to a year ago, according to the CMR report.

“Lenovo India is equally dedicated to both the market segments – consumer as well as commercial,” Agarwal said, adding that as a leader in PC and smart devices industry, the company is attempting to better equip its customers in their end-to-end technology needs.

Lenovo

“FY 2019-20 was one of the best years for Lenovo India. Our PC volume is likely to double this year (FY 2020-21). We will mostly be the #1 PC company in India in FY 2019-20, with a likely share of approximately 32 per cent (i.e., +10.5 points year-over-year),” Rahul Agarwal, CEO and MD, Lenovo India. IANS

“We help organisations provide the right tools to maximise employee productivity, collaboration and satisfaction. We have continuously innovated with our product range to meet the demands of various customer groups – be it the world’s smallest desktop “Think Nano”, with reduced power consumption or the all-new ThinkBook for the new age workforce, to name a few,” the Lenovo executive added.

Agarwal said that Lenovo is winning in new form factors like “ultraslim” and “gaming” with its new range of Yoga and Legion series respectively. “Lenovo is also the fastest growing brand in offline gaming in the country and we expect to continue that momentum. We focus on listening to the gaming community and shaping our Lenovo Legion portfolio and engagement based on their feedback. This is a strong evidence of our commitment to growing the gaming ecosystem,” he added.

ALSO READ: Here’s How Denims Have Evolved

To increase its market share in India in financial year 2020-21, Lenovo is focusing on “further strengthening” its technical solution capability and partnership with commercial customers in education, finance and government sectors. Lenovo India is also aiming to grow its service centre network by 10 times in FY 2020-21, Agarwal said. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,780FollowersFollow

Most Popular

Identifying Mosquitoes Through App By Buzzing Sound

The high-pitched whine of a mosquito is annoying, but scientists have developed an app that uses that sound to detect dangerous mosquitoes. Mosquitoes kill hundreds...

Solomon Islands To Ban Facebook For National Unity

The government of the Solomon Islands has defended its plans to ban Facebook, insisting the move would preserve “national unity.” Ministers say the world's...

Gut Hormone Regulating Fat is Abnormal in Obesity

One key gut hormone released a few hours after eating, turns off fat production by regulating gene expression in the liver and this regulation...

50% Male Employees Agree Bias Against Women in Workplace

More than 50 percent of the men feel that there is an increased bias against women at the workplace, said a new survey. According to...

Here Are 10 Ways To Improve Self-Awareness Levels

Emotional intelligence tends to fuel one's performance on the personal front as well as professionally. Right from your self-assurance, empathy, and positivity to your...

Cooking With Biomass Fuels Damages Lungs

People who cook with biomass fuels like wood are at risk of suffering considerable damage to their lungs from breathing in dangerous concentrations of...

Pregnancy Stress Affects Infant’s Brain Development

Researchers have revealed that infants' brains may be shaped by levels of stress their mothers experience during pregnancy. The study, published in the journal eLife,...

What Does The Future Hold For Online Entertainment?

It’s hard to say exactly what kind of the year 2020 has been for the entertainment industry. While cinemas and theatres across the western world...

Recent Comments