Lenovo says India selling hub, will endow more in brand
Lenovo president and chief operating officer Rory Read sees no major change over the next five to 10 years in the core market driven around PCs in India and worldwide, and the company’s own growth was enduring to outpace the market.
Read pointed to the latest IDC figures, it has gave the $16 billion (around Rs. 71, 000 crore) company a 10.4% market share international, and its “four good quarters”, at a press conference.
Share of Lenovo in the Indian market go on with in the single digits, after other competitors such as HP and Dell. The IDC figures in the preceding quarter set the share of Lenovo at a little more than 7%.
He added that India was also in view of significant growth, and there is no cause for it why the PC market is not able to rise in India.
The managing director, R. K. Amar Babu said that Lenovo was long-term to endow in brand-building and advertising activities in India and these were increasing 2x the market.
Since Beijing-based Lenovo acquired IBM’s PC business in 2005, it has walked up efforts to craft an impression in the PC market in India.