LENOVO GROUP(00992) 智通财经网·2025-04-14 11:31Core Insights - The global PC market is experiencing growth for the sixth consecutive quarter, with a year-on-year increase of 4.8% in Q1 2025 [1] - Lenovo leads the market with a remarkable year-on-year growth rate of 9.6%, solidifying its position as the top PC supplier globally [1] Group 1: Lenovo's Performance - In Q1 2025, Lenovo shipped 15.275 million units, capturing a market share of 25.9%, up from 24.8% in the same period last year [2] - Lenovo's performance in the U.S. market is also strong, with shipments reaching 314.7 thousand units, a year-on-year increase of 20.7%, and market share rising from 17.9% to 19.2% [2] Group 2: Market Dynamics - The growth in the global PC market is primarily driven by significant increases in shipments in the U.S. and Japan, with the U.S. seeing a 12.6% rise and Japan experiencing a 15.6% increase [4] - The EMEA market shows a growing interest in AI PCs, which now account for approximately 15% of the market, indicating a willingness among buyers to invest in higher-priced future-proof devices [4] - The APAC region's shipment volume remained flat, with a 4% decline in demand from the Chinese market, while the Indian market shows positive signals with expected recovery in commercial demand [4] Group 3: Future Outlook - Gartner forecasts continued growth in the global PC market for 2025 and 2026, driven by Windows 11 upgrades and AI PC demand [4] - Despite potential short-term impacts from tariff policies, the commercial PC market's upgrade needs and consumer replacement cycles are expected to provide sustained momentum for the market [4]