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Lenovo

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Lenovo - ICT showcase

Year Founded & Workforce

1984

54,000 Employees

Industry

ICT

Services

PC as a serviceEdge Computing Products
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Lenovo Employee Contacts

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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

$51,030M

Revenue

54,000

Employees

$13.37M

Market Cap

1984

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

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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

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 51 Bn in 2019 to USD 71.6 Bn in 2022.
Lenovo — By Business Segment
Series (USD Bn)2019202020212022
Sales5150.760.771.6

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