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SHANGHAI: China's largest personal computer maker, Lenovo Group, says it expects the PC industry to consolidate as the global economy slows.
"There are some potential with respect to consolidation as I pointed out earlier that will happen in this industry," said the CEO of Lenovo, William J. Amelio.
The world's number four PC maker recorded profit of US$110 million in the quarter ended June this year.
Sales rose 10 per cent to US$4.2 billion.
China continues to be Lenovo's major market, contributing 43 per cent of the company's total sales.
Lenovo says that it faces challenges in this global downturn but it also provides an opportunity for the company to transform itself.
Lenovo says that it will be announcing substantial restructuring strategy. In the meantime, the company will continue to focus on emerging markets for growth.
Mr Amelio said: "I see us having a bigger participation in the emerging markets and the growth that is in emerging markets.
"I think you'll see us migrate not just from PC client, but to workstations and servers across the spectrum of all countries, but really having a dominant focus on the emerging markets."
Lenovo acquired IBM in 2004.
Founded in 1984, Lenovo was the first company to introduce the home computer concept in China.
- CNA/yt
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