The big Chinese PC company Lenovo is opening plants in India and Mexico. It will use the Mexico plant to build a supply chain closer to the US. Lenovo has 35% of the Chinese market, but has relatively small sales in the US. It owns the former IBM PC operations.
HP (HPQ) was the largest PC company in the world in Q2 and Lenovo was 3rd. Both grew at a rapid pace according to Gartner while No.2 maker Dell (DELL) lost share.
Competition in India and especially the US could hurt Dell’s turnaround chances Dell’s shares are up 15% this year on hope that Michael Dell can improve the fortunes of the PC company.
He does not need Lenovo to make his life more difficult for him
Douglas A. McIntyre
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
