Lenovo defies the rest of the market by continuing to grow its PC business

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“Dead, shmed,” Lenovo seems to be saying when it comes to all the “PC is dead” talk. Don’t believe us? Just check out how they’ve been doing in that department lately.

During the first quarter of this year, which concluded in March, Lenovo states that it sold 55 million PCs, and upped their share of the worldwide PC market to 17.7 percent. That’s an increase of 2.1 percent, the firm says.

It also reportedly broke records for annual revenue, pegging that number at $38.7 billion, which is a 14 percent increase year-over-year.

It’s worth noting that this growth for Lenovo, even in the generally iffy PC market, is just a continuation of an overall trend for the company. Back in January, we reported that Lenovo shipped 14,005,093 PCs during the fourth quarter of 2012. During the same time-frame in 2013, that number rose to 14,932,408, a spike of 6.6 percent.

Though the supposed death of the PC was announced long ago, these consistent growth numbers enjoyed by Lenovo suggest that there’s some light at the end of the tunnel. Here’s what Gartner analyst Mikako Kitagawa had to say:

“Although PC shipments continued to decline in the worldwide market in the fourth quarter, we increasingly believe markets, such as the U.S., have bottomed out as the adjustment to the installed base slows.”

It’ll be interesting to see whether Lenovo can keep generating these impressive growth numbers. 

What do you think? Sound off in the comments below.