The PC market is due for a reordering, according to one influential analyst quoted in Reuters.
Frederick Wong, executive director of Hong Kong’s Avant Capital Management, believes that Lenovo will overtake Hewlett Packard this year as the world’s largest PC maker by sales.
“It’s just a matter of time before Lenovo becomes No. 1 and it won’t be surprising at all if it happens later this year,” Mr. Wong said to Reuters.
Earlier this year industry think tank Gartner reported that Lenovo had become the second largest PC manufacturer by sales, usurping Dell from the position.
According to a report by IDC, Lenovo had a 14.9 percent global market share between April and June of this year compared to HP’s 15.5 percent.
Despite Lenovo’s growth in sales, the company’s margins have not grown accordingly. Reuters noted that Lenovo achieved only a 1.4 percent operating margin last quarter, compared with 7.4 7.4 percent for HP.