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18 Lenovo Group Limited 2015/16 Annual Report
MANAGEMENT’S DISCUSSION & ANALYSIS
PERFORMANCE OF PRODUCTS BUSINESS GROUPS
During the fiscal year ended March 31, 2016, Lenovo continued to build a more balanced product portfolio
to drive growth.
22%
10%
66%
2%
Mobile
Enterprise
PC
Others
Revenue by Business Group (%)
(6%)
(72%)
(2%)
(20%)
PC Business Group (PCG)
During the fiscal year under review, the global PC industry continued to decline due to macro-economic
issues and currency fluctuations. Despite the market challenges, the Group continued to outperform
the PC market by leveraging market consolidation and through solid execution of its strategy. This led
to further solidifying its number one position. For the fiscal year ended March 31, 2016, the Group’s
global PC unit shipments declined 6 percent year-on-year to 56.0 million, against market decline of
12 percent. Lenovo’s market share continued to increase, and its worldwide PC market share reached
another record-high level of 21.0 percent for the fiscal year, an increase of 1.3 percentage points
year-on-year, according to the industry estimates. In the fiscal quarter four, despite that the traditional
PC market remained soft and recorded a 12.5 percent year-on-year decline impacted by the macro
economy, the Group maintained its solid PC performance, and continued to achieve premium growth of
3.7 percentage-points to the market and grew its share, leveraging the market consolidation trend. In
the faster growing expanded PC market, including PC, slate tablet and detachable, Lenovo continued to
enhance its market position and it tied with number one in the fiscal quarter four, increasing its market
share by 0.6 percentage point to 14.4 percent.
The Group’s commercial PC unit shipments decreased 2 percent year-on-year, compared to the 8 percent
year-on-year decline by the market for the fiscal year. Lenovo’s market share in the worldwide commercial
PC market increased by 1.4 percentage-points year-on-year to a record-high of 22.4 percent. The
Group’s consumer PC unit shipments decreased by 11 percent year-on-year, against the market decline
of 16 percent year-on-year and its market share reached a record-high of 19.5 percent, increasing 1.1
percentage points year-on-year, according to industry estimates.