If it weren’t for Lenovo, you won’t be seeing ThinkPads, ThinkCenters and System X exist today, Lenovo today celebrated its 10th anniversary of IBM’s acquisition and has brought the once huge PC business from near death back to the world’s No.1 PC maker, a long but successful journey.
“The acquisition of IBM’s PC business transformed Lenovo overnight into a truly global company, changing not only Lenovo but our industry,” said Yang Yuanqing, Chairman and CEO, Lenovo. “Since then, we have overcome many challenges – and many doubters – to become the world’s leading PC company and one of the world’s most innovative personal technology companies. Even more, this acquisition built the foundation for our expansion to new products like smartphones, tablets, servers and now our ecosystem, growth engines fueled by the success of our first big deal.”
When Lenovo acquired IBM back in 2005, the company was ranked at #9 in the worldwide PC industry with 2.3 percent of market share and today, the company has over 20 percent of market share in the PC industry and a revenue growth of $39 billion over the years from an initial $3 billion company. Here are the achievements of the company over the years:
- Completed the acquisition of Motorola Mobility and IBM X86 businesses and launched multimode YOGA Tablet 2 Pro with built-in projector (2014)
- Became #1 PC-maker worldwide; started selling smartphones outside of China; and introduced interpersonal computing with Horizon table PC (2013)
- Launched YOGA multimode PC (2012)
- Entered into JV with EMC and acquired Stoneware and CCE (2012)
- Created JV with NEC and Compal and acquired Medion (2011)
- Sponsored Beijing Olympics delivering 20,000 pieces of infrastructure and hardware; entered global consumer laptop and desktop markets; built ThinkPad X300, which BusinessWeek called “the best laptop ever” (2008)
- Launched first Lenovo-branded PCs worldwide (2006)
- Acquired IBM’s PC business, including ThinkPad (2005)
Congratulations Lenovo and we hope to see more exciting products coming from you in decades to come.
