Lenovo: Domestic PC Market Growth Slowing
Netease Tech, 9/24/10
According to Taiwanese media, Lenovo (0992.HK) recently announced that growth is rapidly declining in the Chinese domestic PC market, falling from 40% "in earlier periods" to 20%.
The slowdown in growth comes despite government initiatives to stimulate the economy and rural PC consumption, such as the national "Appliances to the Countryside" subsidy program.
Lenovo saw domestic PC shipments rise by 37.4% in FY2010, ended March 31, 2010.
Keywords: growth rate sales volume hardware Lenovo notebook rural PC 0992.HK Appliances to the Countryside computer
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