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Lenovo Group Limited 2012/13 Annual Report
32
MANAGEMENT’S DISCUSSION & ANALYSIS
FUTURE PROSPECTS
LOOKING FORWARD, THE
GROUP WILL CONTINUE ITS
INVESTMENT IN BUILDING ITS
CORE COMPETENCIES, PRODUCT
INNOVATION, BRANDING TO HELP
THE GROUP CAPTURE MORE
MARKET OPPORTUNITIES IN THE
PC+ ERA.
Lenovo remains optimistic about the future of the PC+
market and is confident that it will continue to deliver
above market performance and profit growth with margin
expansion in the new fiscal year. Although worldwide PC
demand remains challenging due to remain weak economic
conditions, the Group is confident it will continue to
outgrow the worldwide PC market with balanced growth
across the board and continued profit improvement.
Meanwhile, the Group is also on course in transforming into
a leading PC+ company, and is committed in investment
in innovation to drive PC+ product portfolio across PC,
smartphone, tablets, and new form factors. The Group
will continue to strive for strong growth in smartphones
globally, by solidifying China leadership and expanding into
Emerging Markets and Mature Markets over time. In the
meantime, the Group will also invest in driving more new
differentiated tablet products to expand its leadership in
China and globally.
In China, where the growth momentum may be influenced
in the short-term by the government budget control and
more moderate economic growth, Lenovo will continue to
expand its market leading position in PC market. Lenovo
will enhance its server business through its alliance with
EMC in the commercial market, leveraging its strong
leadership in the consumer market and penetrate to more
high growth emerging cities, while executing its Protect and
Attack strategy to evolve from a winning PC company to a
winning PC+ company in China.
Outside China, the Group will continue to drive its strong
growth momentum under its attack strategy with the aim
of capturing market share and improving profitability as
the Group expands its market share to double-digit share
in key regions. Lenovo will continue to focus on improving
profitability by protecting its relationship business and
attacking the growth opportunity in both consumer and
SMB PC segments. The Group closed the transactions
of CCE, EMC and Stoneware, which will help to enhance
Lenovo’s products and services to its global customers and
fully deliver on its PC+ strategy.