Lenovo’s CEO sets sights on cracking top three ranking in PC world
Yang Yuanqing
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MORRISVILLE, N.C. – Yang Yuanqing, chief executive officer at Lenovo, has set his sights quite high as the world’s No. 4 PC maker expands its business and seeks to increase market share.
“The top three is not a high goal,” Yang told China's People's Daily in an interview published Friday.
“I think you could see that in the near future,” he added.
Based on statistics compiled by analysts firms Gartner and IDC, Lenovo recently cracked the 10 percent level in global market share for the first time. Lenovo is also gaining ground on No. 1 HP, No. 2 Dell and No. 3 Acer while reporting growing profits.
In an extensive interview, Yang also says PCs remain core to Lenovo’s business although the company recently launched the Lephone smartphone and spun out a new venture to build an innovative videogame console.
In a story headlined “Lenovo dreams of innovation,” China Daily had words of praise for Yang, who has maintained a residence in the Triangle since Lenovo acquired IBM’s PC division in 2005. Most of Lenovo’s operations are located in China, where the company was founded, but its headquarters are located in Morrisville and the company operates around the globe.
“Yang Yuanqing may not be a born public speaker. In fact, the 46-year-old chief executive officer of Lenovo Group, China's biggest personal computer maker, still shows signs of nerves when talking to reporters or in public,” China Daily wrote.
“Although Yang appears to be a hesitant speaker, he is by no means slow in his thoughts or deeds. Since replacing William J. Amelio as the chief executive officer of Lenovo in February last year, Yang has not only successfully dragged the company out of the heavy losses incurred during the financial crisis but also significantly boosted the company's innovative capacity.”
For the full interview, read here.
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