Lenovo 2016 Annual Report Download - page 10

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8Lenovo Group Limited 2015/16 Annual Report
CHAIRMAN AND CEO STATEMENT
I AM CONFIDENT THAT THESE ORGANIZATIONAL
CHANGES AND OUR MULTI-BUSINESS OPERATING
SYSTEM WILL STRENGTHEN OUR ABILITY TO BOTH
DRIVE SHORT-TERM PERFORMANCE AND ACHIEVE
LONG-TERM GROWTH.
During the past year, Lenovo steadily grew our
core PC business while integrating two major
acquisitions – Motorola Mobility and System X –
to build our future growth engines. And while we
achieved some solid successes, we also recognize
that 2015/16 saw significant macroeconomic
challenges for everyone in the personal technology
industry, including Lenovo.
Externally, the environment was tough. We faced
a challenging global economy, particularly the
significant currency volatility in key emerging
markets. We also saw further decline in the PC
and tablet markets, and slower growth in the
smartphone market. Though the global economy
is beyond our control, Lenovo has never been
a company that depended on luck to succeed.
Rather, we always strive for the highest possible
excellence in what we can control. While we had
many bright spots in our performance in a difficult
year, we also have taken a careful look at ourselves
to determine what structural and systemic changes
are needed to improve. I am confident that the
decisive actions we have taken have Lenovo well
positioned to accelerate growth in the year ahead.
ACHIEVEMENTS IN 2015/16
Our achievements in the last year include:
• Third straight year as global PC leader: We
achieved a record market share of 21% as
we continued to win and deliver strong
profitability in our core PC business.
• Record market share in our tablet business:
We sold almost 11 million units and outgrew
the market for the year, strengthening our #3
position in the world.