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A Lenovo IdeaPad U1 Hybrid laptop is displayed during a media preview for the 2010 International Consumer Electronics Show (CES) in Las Vegas January 5, 2010.
A Lenovo IdeaPad U1 Hybrid laptop is displayed during a media preview for the 2010 International Consumer Electronics Show (CES) in Las Vegas January 5, 2010.
(Mario Anzuoni/Reuters)

FINANCIAL TIMES

Lenovo is the world’s biggest PC maker. Too bad

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

Sometimes it is easy to get so enmeshed in the battle that you lose sight of the prize. Has this happened to China’s biggest PC maker? Lenovo has overtaken Hewlett-Packard to become the world’s biggest PC maker by volume, with a 17 per cent share of the market by unit shipments. But PC demand overall is shrinking – it fell 11 per cent from a year earlier during the past quarter. If it continues retreating at the same pace, less than one in 50 people will be buying a PC annually by the end of the decade from one in 20 today.