The big Chinese PC company Lenovo is opening plants in India and Mexico. It will use the Mexico plant to build a supply chain closer to the US. Lenovo has 35% of the Chinese market, but has relatively small sales in the US. It owns the former IBM PC operations.
HP (HPQ) was the largest PC company in the world in Q2 and Lenovo was 3rd. Both grew at a rapid pace according to Gartner while No.2 maker Dell (DELL) lost share.
Competition in India and especially the US could hurt Dell’s turnaround chances Dell’s shares are up 15% this year on hope that Michael Dell can improve the fortunes of the PC company.
He does not need Lenovo to make his life more difficult for him
Douglas A. McIntyre
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.