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FINANCIAL NEWS
Lenovo boosts its UAE market share to 9% in 2010
30 Nov 2011
(MENAFN) Lenovo’s Middle East and Africa operations’ corporate vice president and general manager, Jack Lee, said that in 2010, the world’s second-biggest computer manufacturer managed to increase its market share in the UAE to 9 percent, reported The National.
Lee added that in order to increase the firm’s presence in the Middle East, Lenovo sought to ink deals with governments in the region, with the company’s latest line of tablets aimed at businesses and governments.
On the other hand, he said that the company bought the German electronics maker Medion in 2011 for USD617 million, recording Lenovo’s biggest acquisition in six years.
It is worth noting that according to the International Data Corporation (IDC), Lenovo owns 13.7 percent of the world’s market share of PC shipments, whereas during the past 9 quarters, the company’s sales growth has exceeded the market by more than 10 percent.
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