Netease Technologies News, April 18, Lenovo's final stop at the Global Oath Master Conference for fiscal year 2019 came to Beijing. Lenovo Group Chairman and CEO Yang Yuanqingbu's Lenovo revenue hit a new high, breaking through $500 billion for the first time. At the same time, he called for continued double-digit growth in total revenue in 2019, PCSD (Personal Computer and Intelligent Devices Group) added $3 billion more than last year, and MBG (Mobile Business Group) and DCG (Data Center Business Group) increased their turnover by $1 billion, respectively.
After the vows, the association seemed to feel more confident and clearer about its position. Yang Yuanqing also said that Lenovo would like to be an unsatisfied, constantly climbing company, as long as the firm implementation of the 3s strategy, will be able to conque
Where does the letter come from?
At the end of the speech, Yang Yuanqing also mentioned how Lenovo became. Yang Yuanqing said that in the past, many people said that Lenovo had missed one outlet after another, that Lenovo had not become BAT or TMD, but in fact, it had not been heartbeat in the face of such outlet. Lenovo should not become BAT, and BAT could not become Lenovo either. Lenovo should open up a unique path only belonging to Lenovo.
Yang Yuanqing's words have been passed on to the outside world even more.
At the vows' meeting, Lenovo identified its transition to three strategic areas in the new fiscal year, including the Smart things Network, (Smart IoT), Intelligent Infrastructure (Smart Infrastructure), and Industry Intelligence (Smart Verticals), for short.
Yang Yuanqing said that Lenovo has made an effort to conque
Lenovo hopes to be the leader and enabler of change in the intelligent age for its future orientation.
For the 2018 outsider of Lenovo
It's not so easy for PC to win.
In terms of specific business, Yang Yuanqing's total revenue continued to grow in double digits in 2019, PCSD (Personal Computer and Intelligent Devices Group) increased its turnover by $3 billion compared with last year, while MBG (Mobile Business Group) and DCG (Data Center Business Group) increased their turnover by $1 billion respectively.
In terms of three major business growth requirements, Yang Yuanqing put the main driving force of revenue growth in 2019 on personal computer business. However, as we all know, the PC industry is currently limited in growth, new players are chasing hard. Huawei and millet have entered the market, especially Huawei's PC business is growing rapidly. Yuchengdong, Huawei's consumer business, has said that Huawei's PC has surpassed Lenovo in word of mouth. In 2018, Huawei's PC business grew nearly four times over the same period last year.
In this way
Yang Yuanqing said that the reason why he believed that PC business could grow by $3 billion was his confidence in products. When it comes to competition, Lenovo grew up from competition. Competitors can make the market more active, but it's not easy for us to win.
Although Lenovo PC has returned to the first place in the world, Yang Yuanqing believes that in the Chinese market, Lenovo PC still has great market potential.
Firstly, the advent of 5G technology makes PC like mobile phone, using boot-up skills. When the 5G traffic fee drops, it will certainly promote the development of computers.
Secondly, the report from the Academy of Social Sciences shows that China's PC penetration rate is only about 20%, while developed countries are generally around 70%, the United States is as high as 90%, the gap is wide. From this data, we can smell the huge space and potential of PC market in China.
In addition, Yang Yuanqing said Lenovo's lightweight books and game computers, display devices and workstations also have great growth potential.
So there is no problem with the $3 billion growth in 2019.
It is understood that Liu Jun, executive vice president of Lenovo Group and President of China, also set goals in front of Yang Yuanqing: income of 10 billion US dollars; contribution of profits of 1 billion US dollars; PC market share of more than 40%.