Lenovo Shares Slide After Margin Concerns Outweigh Results Beat
Beijing-based Lenovo grew quarterly PC shipments 15%, outperforming competitors HP Inc. and Dell Technologies Inc., according to Counterpoint Research. The overall market grew 8.4%, its fastest pace since 2022, driven by a replacement cycle as support for Windows 10 ends later this year and customers front-load purchases. Like its rivals, Lenovo has touted so-called AI PCs equipped with more powerful hardware to perform workloads from real-time transcription to image generation.
“Due to the US tariff-related uncertainty, PC shipments will likely weaken year-on-year starting from the second half of 2025,” Counterpoint Senior Analyst Minsoo Kang said. US President Donald Trump has announced tariffs on imports from some trading partners and declared plans for a 100% levy on chips, raising concerns for the PC industry.
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Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.