China Lenovo loses No.1 ranking in Asia to H-P

From MarketWatch: China Lenovo loses No.1 ranking in Asia to H-P

"China's biggest personal computer company, Lenovo Group Ltd., lost its top spot as the leading PC vendor in Asia-Pacific excluding Japan in the first quarter of 2005 to Hewlett-Packard Co., according to market research firm IDC Corp."

"Hewlett-Packard moved into top spot from second position as it pushed ahead in several key markets in the region, posting 29% growth in the number of units sold. It had an 11.7% market share, up from 10.2% in the previous quarter.
Lenovo's fall was primarily due to seasonal sluggishness during the Lunar New Year period, as well as high levels of inventories left over from the previous quarter, IDC said.
The company's unit sales rose 20% on year during the first quarter and it remained the market leader in China. Its regional market share, however, slipped to 11%, from 13.5% in the fourth quarter of last year, the research firm said."

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