Lenovo's PC unit shipment share worldwide 2009-2023, by quarter

In the third quarter of 2023, Lenovo had a market share of 25.1 percent of global PC shipments. Together with HP and Dell, Lenovo accounts for around two thirds of global PC sales today. These three major PC vendors have taken up more and more of the market share over the past few years, managing to keep their sales mostly constant as PC unit sales have fluctuated.

Strong presence in tech industry

Lenovo’s main business segment is personal computers, accounting for around 80 percent of the company’s revenue. As the world’s largest PC vendor, the company is in a comfortable position to develop new and innovative products in response to a plateauing PC market. One attempt at this was Lenovo’s expansion of its smartphone production, including the purchase of Motorola from Google for 2.9 billion U.S. dollars in 2014, as a response to the growing smartphone market at that time. Lenovo’s share of the global smartphone market has consistently decreased over the past few years however and Lenovo is now putting more of an emphasis on its growing data center segment, including the company’s hybrid cloud, edge computing, software-defined storage solutions and products.

Introducing 5G to PC world

Lenovo is also an early mover of 5G technology use in the PC industry, and in 2019 made a joint announcement with Qualcomm revealing the world’s first prototype 5G personal computer. 5G technology is expected to speed up data communication by up to three times as compared to 4G/LTE. Being a forerunner of 5G technology could give Lenovo an edge to remain a powerful player within the PC and mobile markets.