Introduction
Lenovo Statistics: Lenovo is a global technology corporation based in Hong Kong. Founded in 1984 by Chinese entrepreneur Liu Chuanzhi under the name Legend, the company officially rebranded to Lenovo in 2003. It manufactures and sells a wide range of consumer electronics, smart home products, and data center solutions, achieving revenues exceeding 60 billion U.S. dollars in the fiscal year 2021.
Lenovo has positioned itself as a leading technology entity worldwide, having consistently held the title of the largest seller of personal computers for numerous years. Its recent dominance in the market is attributed to its control of over 20% of the sector. The company boasts a varied product lineup, which includes PCs, servers, smart devices, and cloud/AI technologies, supported by a worldwide presence and a commitment to innovation, especially in the realms of AI and sustainability.
Recent financial results indicate both growth and variability, with revenue reaching $71.6 billion in 2022, followed by a decline to $56.86 billion in 2024, while still demonstrating robust growth in other sectors, such as revenue and net income, during the first quarter of the fiscal year 2025/26.
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- Lenovo was established in Beijing on November 1, 1984, under the name Legend by a group of engineers led by Liu Chuanzhi and Danny Lui.
- Lenovo’s gross profit for the fiscal year 2023 was USD 10.501 billion, which signifies a decline of 12.85% in comparison to the prior year.
- In 2023, Lenovo Group generated an annual revenue of USD 61.947 billion, reflecting a decline of 13.5% compared to 2022.
- Lenovo Statistics further indicates that in March 2024, the traffic distribution for Lenovo.com was 67.17% for mobile and 32.83% for desktop.
- Lenovo has committed to reaching net-zero emissions by 2050, a pledge that has received approval and validation from the Science Based Targets Initiative (SBTi).
Historical Facts
- Lenovo was established in Beijing on November 1, 1984, under the name Legend by a group of engineers led by Liu Chuanzhi and Danny Lui.
- In May 1988, Lenovo published its inaugural recruitment advertisement on the front page of the China Youth News.
- From the 500 applicants, 280 were chosen to participate in a written employment examination. Out of these, 120 candidates were interviewed face-to-face.
- In 1990, Lenovo commenced the production and marketing of computers under its own brand name.
- Lenovo, then known as Legend, became a publicly traded entity following a 1994 IPO in Hong Kong that generated nearly US$30 million at a share price of HK$1.33.
- On its debut trading day, the stock price peaked at HK$2.07 and closed at HK$2.00, indicating an initial undervaluation of the company.
- By 1996, Lenovo had emerged as the market leader in China and began offering its own laptops.
- In 1998, Lenovo launched its Tianxi (天禧) computer.
- In March 2000, Lenovo conducted a secondary offering of 50 million shares on the Hong Kong market, raising approximately US$212 million.
- In 2005, Lenovo formed a new holding company through a two-way merger with IBM’s personal computer division.
- In 2008, Lenovo sold its smartphone and tablet division for US$100 million to focus on personal computers, later reacquiring it for US$200 million in November 2009.
Moreover
- By 2010, LeGarden had over 1,000 programs available for the LePhone.
- On 27 January 2011, Lenovo formed a joint venture with the Japanese electronics firm NEC to produce personal computers.
- In September 2012, Lenovo made its initial software acquisition by agreeing to buy the US-based software company Stoneware.
- In 2013, Lenovo entered into a joint venture with EMC, which was branded as Iomega.
- On 1 October 2014, Lenovo completed its acquisition of IBM’s server division, with the total expenditure reaching $2.1 billion.
- In early June 2015, Lenovo announced its plan to issue up to US$650 million in five-year bonds denominated in Chinese yuan.
- In 2017, Lenovo formed a partnership with Fujitsu and the Development Bank of Japan (DBJ).
- In September 2018, Lenovo and NetApp declared a strategic partnership and joint venture in China.
- In 2020, Lenovo was acknowledged as a favored provider of data center innovations for DreamWorks Animation, commencing with Trolls World Tour.
General Lenovo Statistics and Facts
- Lenovo’s gross profit for the fiscal year 2023 was USD 10.501 billion, which signifies a decline of 12.85% in comparison to the prior year.
- The annual operating income was reported at USD 2.669 billion, reflecting a decrease of 13.37%.
- In 2023, the annual EBITDA amounted to USD 4.022 billion, indicating a reduction of 7.44% from 2022.
- Furthermore, Lenovo’s net income was noted at USD 1.608 billion, which corresponds to a year-over-year decline of 20.79%.
- Currently, Lenovo operates in more than 60 countries, with its products available in 180 countries around the globe.
- By the conclusion of 2023, data from Statista suggested that Lenovo employed roughly 77,000 personnel.
- As of 2024, Lenovo is acknowledged as the leading vendor of personal computers worldwide.
- During the fourth quarter of 2023, nearly 2.68 million Lenovo tablets were dispatched, and the company maintained a market share of 7.1%.
- In March 2024, the lenovo.com website experienced a total of 46.6 million visits, reflecting a 3.4% increase in website traffic compared to the previous month, with a bounce rate of 45.9%.
Lenovo Revenue Statistics
- In 2023, Lenovo Group generated an annual revenue of USD 61.947 billion, reflecting a decline of 13.5% compared to 2022.
- According to Lenovo Statistics, the revenue for the first quarter of 2023 was USD 12.635 billion, which represents a year-over-year decrease of 24.31%.
- In the second and third quarters, the revenue figures were USD 12.892 billion (-23.92%) and USD 14.410 billion (-15.68%), respectively.
- By the end of the fourth quarter of 2023, the revenue had risen to USD 22.002 billion.
Preferred Laptop Brand Statistics
- According to a survey conducted by 91 Survey Mobile 2024, approximately 16.6% of individuals have owned a Lenovo laptop. While about 12.4% of users intend to purchase one in the upcoming year.
- As of 2024, approximately 29.8% of individuals using an HP laptop are identified as the most preferred brand among users, and 31.8% of respondents have indicated their intention to buy a laptop in the following year.
- In 2024, the ownership share statistics for other laptop brands include Dell (25.2%), Samsung (1%), Apple (3.9%), Acer (6.0%), ASUS (5.9%), and Infinix (1.2%).
- Future user shares for other laptop brands are projected to be led by Dell (26.5%), ASUS (9.3%), Acer (6.4%), Apple (4.8%), Samsung (2%), MSI (1.2%), Microsoft (1.1%), Zebronics (0.8%), Infinix (0.8%), Mi (0.7%), and others (2.2%).
Lenovo Import and Export Statistics
- According to a report released by Volza, the global shipment of Lenovo laptops reached approximately 124.9K units. Which were imported by 7,874 international buyers and exported by 5,826 suppliers.
- In December 2023, the countries importing Lenovo laptops included Peru (80,377 shipments), India (12,935 shipments), and Vietnam (11,977 shipments).
- The exporting countries comprised China (99,992 shipments), the United States (7,017 shipments), and India (3,177 shipments).
- The top three export product categories for Lenovo laptops were HSN Code 84713020, HSN Code 84713010, and HSN Code 847130000.
- Lenovo Statistics further indicates that global buyers’ shipments of Lenovo laptops originated from Vietnam (1,105), the Philippines (1,029), Ecuador (996), India (732), Bhutan (215), Pakistan (551), Peru (527), Costa Rica (292), Kenya (157), the United States (150), Chile (181), Ghana (121), Nepal (128), Uganda (126), Bolivia (106), Bangladesh (83), Tanzania (103), Singapore (88), Uzbekistan (77), Namibia (70), Panama (80), Sri Lanka (55), and Turkey (52).
- Meanwhile, the supplier countries included China (1,616), the United States (1,239), Vietnam (597), India (273), South Africa (91), the United Kingdom (158), Canada (66), Singapore (153), the United Arab Emirates (116), Hong Kong (83), Australia (90), and Germany (57).
Statistics by Lenovo Devices
- Lenovo Statistics further indicates that in March 2024, the traffic distribution for Lenovo.com was 67.17% for mobile and 32.83% for desktop.
- The total share of Lenovo users in the United States was 20.44%, translating to 15.39 million users. With desktop and mobile users comprising 39.79% and 60.21%, respectively.
- India recorded 11 million website users, yielding a traffic share of 14.61%, with desktop contributing 16.82% and mobile 83.18%.
- Subsequently, the overall device users and traffic shares from other countries included Japan (5.09 million and 6.76%), Brazil (4 million and 5.31%), and Indonesia (3.51 million and 4.66%), respectively.
- Conversely, the mobile and desktop user shares for these countries were as follows: Brazil (70.14% and 29.86%), Japan (63.03% and 36.97%), and Indonesia (83.72% and 16.28%), respectively.
Lenovo Demographics Statistics
- In March 2024, the user distribution on the lenovo.com website was comprised of 67.25% male and 32.75% female.
- Based on Lenovo’s statistics segmented by age group, the predominant category of website users is individuals aged 25 to 34, which constitutes 30.66%.
- In contrast, users within the age range of 35 to 44 account for 21.49% of the overall total.
- The proportions of users in the age brackets of 18 to 24 and 45 to 54 are 19.59% and 14.83%, respectively.
- Approximately 8.34% of users are situated within the 55 to 64 age category.
- Users aged 65 and older represent a share of 5.09%.
Lenovo Innovation Statistics
- On October 24, 2023, at Lenovo’s annual innovation event, Tech World, which took place in Austin. The company unveiled its vision of ‘AI for AII’ along with a further investment of USD 1 billion.
- Lenovo and NVIDIA have announced an extension of their partnership. Which is focused on enabling new hybrid AI solutions to enhance Den AI adoption.
- Lenovo has committed to reaching net-zero emissions by 2050. A pledge that has received approval and validation from the Science Based Targets Initiative (SBTi).
List of Lenovo Laptops
- Lenovo ThinkPad X1 Carbon Gen 12: USD 2,263.20
- Lenovo ThinkPad P16 Gen 1: USD 1,408.82
- Lenovo Yoga 9i Gen 8 (most preferred laptop): USD 1,299.99
- Lenovo Legion Slim 5 Gen 8 (best gaming laptop): USD 959.99
- Lenovo ThinkPad T14s Gen 4: USD 694.25
- Lenovo ThinkPad E14 Gen 5: USD 627
- Lenovo IdeaPad Flex 5i 14 (best budget laptop): USD 539.99
- Lenovo Flex 5i Chromebook Plus (best Lenovo Chromebook): USD 389
- Lenovo IdeaPad Duet 3 Chromebook: USD 379
- Lenovo IdeaPad 1 14 (best extreme budget laptop): USD 156
Lenovo PC Shipments Worldwide
- Lenovo’s data indicates a steady rise in the company’s PC shipments over time.
- From Q1 2011 to Q1 2022, the peak number of shipments reached 21.7 million.
- As of the conclusion of Q1 2022, Lenovo’s total shipments amounted to 17.86 million.
Lenovo Employees Statistics
- The statistics from Lenovo indicate a steady increase in the company’s workforce.
- During the timeframe from 2012/13 to 2023/24, the peak employee count was noted in the 2022/23 period, reaching 75,000.
- In the 2023/24 period, the recorded number of employees was 69,500.
- In the 2024/25 period, the recorded number of employees is 77,000.
Fun Facts
- The name “Lenovo” is derived from “Le,” which signifies “happy,” and “novo,” translating to “new” in Latin.
- The initial product they offered was a personal computer in China.
- Lenovo’s welcoming slogan is “For Those Who Do!” indicating their support for individuals who enjoy creating and exploring!
- They market their products in more than 180 countries! The primary markets for Lenovo encompass the United States, Latin America, Europe, and Asia.
- Lenovo developed the world’s first foldable laptop, known as the Lenovo ThinkPad X1 Fold.
Recent Developments
- On October 8, 2021, Lenovo retracted its application to be listed on the Shanghai Stock Exchange, merely days after it had received acceptance from the exchange. Citing concerns regarding the potential expiration of the validity of the financial information presented in its prospectus as the reason for this decision.
- In 2021, the company achieved annual revenues of $60 billion.
- In 2025, Lenovo finalised its purchase of all outstanding shares in Medion.
Lenovo Future Predictions
- Lenovo Group is projected to increase its earnings and revenue by 9.2% and 6.7% annually, respectively.
- EPS is anticipated to rise by 7.5% each year.
- The return on equity is expected to reach 22.6% within a span of 3 years.
Conclusion
In summary, Lenovo stands as a prominent global technology firm that has effectively broadened its operations beyond its leading role in the PC sector, emphasizing innovation in fields such as artificial intelligence and sustainability.
In spite of recent variations in revenue, the organisation persists in channelling investments into strategic growth sectors. Which is expected to enable it to maintain its leadership position in the technology industry for the foreseeable future. This Lenovo Statistics encompasses comprehensive information derived from various insights regarding the company, which have been thoroughly detailed above. The entire article will prove to be advantageous.
