ICT

Lenovo

Company Profile Analysis

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Lenovo - ICT showcase

Year Founded & Workforce

1983-12-31

54,000 Employees

Industry

ICT

Services

L

Lenovo Overview

Company Headquarters: Hong Kong

Founded: 1984

Workforce: ~54,000

Company Working: Lenovo provides personal computers, tablet computers, servers, workstations, electronic storage devices, smartphones, and IT management software. It operates through four business segments—PC and smart device business group (PCSD), mobile business group (MBG), data center group (DCG), and others. The PCSD segment comprises products such as personal computers (PCs), laptops, tablets, gaming, and smart home products across Windows, Chrome, and Android-based products. The company sells its laptops under the brand names of Lenovo, ThinkPad, IdeaPad, and multimode YOGA brands. The company also offer desktops, all-in-one PCs, gaming consoles, and workstations. Through its MBG segment, it is engaged in manufacturing smartphones, including the Motorola brand. This segment can be further classified into two sub-groups, which are MBG mature market and MBG emerging market.

Its DCG segment includes all Lenovo’s server, cloud, storage, and high-performance computing, hyperscale computing, communications infrastructure, networking, and the Internet of Things businesses. In May 2018, it created a new business segment—intelligent device group (IDG)—by combining its PCSD and MBG segments. Through this new segment, the company focuses on developing innovative products and advancing all existing technologies. It operates in the Americas, Europe, the Middle East & Africa, and Asia-Pacific.

Strategy

Lenovo primarily follows an organic strategy for its growth in the global PC as a service market. It focuses on product development and setting up new offices to increase its geographic presence. The company also focuses on strengthening its position in the market by offering services such as technical advisory services, technology implementation services, and post-implementation managed services and hosting.

Company Snapshot

$51.03M

Revenue

54,000

Employees

1983-12-31

Founded

Hong Kong

Headquarters

SWOT Analysis

Strengths

  • Increasing revenue
  • Wide geographic presence
  • Partnerships with leading companies
  • Strong market share in Asia-Pacific
  • Innovative products
  • Strong leadership

Weaknesses

  • Declining operating performance
  • Lack of global presence

Opportunities

  • Strategic collaborations
  • Positive outlook of the cloud computing market
  • Launch of products
  • Growth opportunities in the Middle East & Africa

Threats

  • Rapid technological changes
  • Competitive pressure could reduce market share
  • Increasing IT Complexity
  • USA and China Trade war

Key Developments

DateApproachDevelopment
October 2018PartnershipLenovo partnered with KPMG Australia to offer Device as a Services (DaaS) for the latter’s 7800 devices. This partnership allows the latter to save its capital and operational expenditure since the company will not have to purchase the system/device and can just rent them on monthly or yearly basis instead.
August 2022Product LaunchLenovo demonstrated enhanced hybrid multi-cloud and edge solutions, ThinkEdge in collaboration with VMware, enabling greater agility and faster deployment capabilities for customers in a variety of industries, including retail, manufacturing, financial, healthcare, telecommunications, and smart city environments. Modern solutions will incorporate a series of improvements developed in collaboration with VMware to drive business transformation from the edge to the cloud.
March 2022Business ExpansionKyndryls, a provider of IT infrastructure services, and Lenovo have expanded their global relationship to develop and provide scalable hybrid cloud solutions and edge computing implementations. Kyndryl and Lenovo will collaborate to develop joint solutions that use automation, optimization, and distinctive IT infrastructure services to assist clients achieve their mission-critical on-premises and cloud-based distributed application service needs.

Product Offering

  • Lenovo
    • PC as a service
    • Edge Computing Products

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Lenovo as part of our ongoing coverage of the ICT sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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