The top Lenovo competitors are HP, Dell, Apple, ASUS, Acer, Sony, Microsoft and others. Lenovo is a Beijing based technology company. It also has headquarters in Morrisville, North Carolina. As from 2013, it has been the largest seller of PCs in terms of unit sales. Lenovo specializes in the production and selling of servers, smartphones, PCs, smart TVs and the Yoga, IdeaPad and ThinkPad series’ of notebook PCs among many other products. Founded in 1984, Lenovo operates in over 70 countries while its products sell in more than 160 countries helping to generate its revenue which stood at $12.635B in quarter ending March 31, 2023.
Lenovo Group net income for the quarter ending March 31, 2023 was $0.114B. Lenovo Group gross profit for the quarter ending March 31, 2023 was $2.143B. Lenovo operates in an industry characterized by stiff competition with other players tussling for a larger piece of the market share. The following is an outline and discussion of Lenovo competitors;
Table of Contents
Top Lenovo competitors
1) HP
- Product Type: Personal computers, printers, and 3D printing solutions
- Industry: Information technology
- Founded date: January 1, 1939
- Founders: William R. Hewlett and David Packard
- Headquarters: Palo Alto, California, United States
- Area served: Worldwide
- Current CEO: Enrique Lores
- Revenue: $12.913B (April 30, 2023)
- Market cap: $30.62B (August 18, 2023)
- Number of employees: 58,000 (2022)
HP or Hewlett Packard is the largest PC manufacturer in the world. In 2014, HP announced and began a plan to split into two separate businesses with the whole process concluding in November 2015 and resulting in Hewlett Packard Enterprises and HP Inc. as the two separate businesses. HP has its headquarters in California, USA. The company specializes in developing and offering services such as hardware and software components, printers, PCs and IT consulting services among others.
HP net income for the quarter ending April 30, 2023 was $1.066B. HP gross profit for the quarter ending April 30, 2023 was $2.929B.
In 2023, HP Inc. generated revenue worth $12.913B. Because of its massive presence and brand equity, HP is without a doubt one of the major Lenovo competitors.
2) Dell
- Product Type: Personal computers
- Industry: Information technology
- Founded date: February 1, 1984
- Founders: Michael S. Dell
- Headquarters: Round Rock, Texas, United States
- Area served: Worldwide
- Current CEO: Michael S. Dell
- Revenue: $20.922B (April 30, 2023)
- Market cap: $39.95B (August 18, 2023)
- Number of employees: 133,000(2023)
Dell is a subsidiary of Dell Technologies. It became a subsidiary in 2016 after merging with EMC Corporation. Dell has occupied about 11.65% of the market share. Some of the products that Dell deals in include smartphones, servers, TVs, peripherals and technical support services among other services.
Dell is ranked 31st on the Fortune 500 list in 2022, up from 76th in 2021. It is also the sixth-largest company in Texas by total revenue, according to Fortune magazine.
Dell gross profit for the quarter ending April 30, 2023 was $5.018B. Dell net income for the quarter ending April 30, 2023 was $0.583B.
As at 2023, Dell had more than 133,000 employees with a revenue of $20.922B during the same period. The company was founded in 1984 and is headquartered in Texas, USA.
3) Apple
- Product Type: Personal computers
- Industry: Information technology
- Founded date: April 1, 1976
- Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
- Headquarters: Cupertino, California, United States
- Area served: Worldwide
- Current CEO: Tim Cook
- Revenue: $36.413B (June 30, 2023)
- Market cap: $2933.76B (August 30, 2023)
- Number of employees: 164,000 (2022)
Apple is one of the top Lenovo Competitors. Apple is the company behind some of the sleekest and high-end smartphones and PCs presently in the market. Products such as the Mac PC, iPad tablet, iPhone smartphone, iPod, Apple smartwatch, Apple TV among others have set Apple apart as a game changer when it comes to technology. Apple was founded in 1976 and has its headquarters in California, the USA with more than 490 operational retail stores.
As at 2023, Apple Inc has already opened approximately 522 stores with over 164,000 employees in the US and other major markets especially in Europe.
Apple net income for the quarter ending June 30, 2023 was $19.881B. Apple operating income for the quarter ending June 30, 2023 was $22.998B. Apple gross profit for the quarter ending June 30, 2023 was $36.413B.
Some of the services separate Apple from the rest include Apple Pay, iTunes Store, iBooks store among several others. Apple has a huge contributor to the technology industry.
4) ASUS
- Product Type: Personal computers
- Industry: Information technology
- Founded date: April 2, 1989
- Founders: T.H. Tung, Jonney Shih, Wayne Hsieh, M.T. Liao, Ted Hsu
- Headquarters: Beitou District, Taipei, Taiwan
- Area served: Worldwide
- Current CEO: S.Y. Hsu , Samson Hu.
- Revenue: $16.67 B (2023)
- Market cap: $8.99 Billion (August 2023)
- Number of employees: 17,000
Based in Taipei, Taiwan, ASUS has over the years continued to be a revolutionary force in the technology industry. Manufacturing products that include netbooks, monitors, desktops, wifi routers, servers, projectors, mobile phones and motherboards among many other products, the company can stand to be counted as a market leader in the tech world.
An employer to over 17,000 people, ASUS generated a revenue of $16.67 B in 2023.
ASUS has won numerous awards and recognitions, including being recognized as one of Fortune magazine’s World’s Most Admired Companies and Interbrand’s ranking as Taiwan’s most valuable international brand. In the second quarter of 2023, PC shipments from Asus amounted to 3.9 million units worldwide. Asus is the world’s 5th-largest PC vendor by unit sales as of January 2023.
5) Acer
- Product Type: Personal computers.
- Industry: Information technology
- Founded date: August 1, 1976
- Founders: Stan Shih, Carolyn Yeh, and five others
- Headquarters: Xizhi, New Taipei City, Taiwan
- Area served: Worldwide
- Current CEO: Jason Chen
- Revenue: NT$58.26 billion (Q2, 2023)
- Market cap: $3.54 Billion (August 2023)
- Number of employees: over 7,713 (2022)
Acer is a multinational electronics and hardware company with headquarters in Taipei, Taiwan. Some of the products that have propelled Acer to greater heights include tablets, virtual reality devices, laptops and desktops, smartphones and server among others. Acer was founded in 1976 by Carolyn Yeh, Stan Shih, and George Huang.
As at 2022, with more than 7,713 employees, it was ranked sixth as the world’s largest PC vendor. Additionally, the company sells gaming accessories and PCs. As at 2023, the company generated revenue to the tune of NT$58.26 billion.
As of September 2022, Acer has over 7,713 employees worldwide, operating in 40 countries/territories. For the second quarter of 2023: gross profits reached NT$6.26 billion. Operating income was NT$1.05 billion, up and Net income was NT$1.39 billion.
6) Sony
- Product Type: Consumer electronics.
- Industry: Electronics
- Founded date: May 7, 1946
- Founders: Masaru Ibuka and Akio Morita
- Headquarters: Minato, Tokyo, Japan
- Area served: Worldwide
- Current CEO: Kenichiro Yoshida
- Revenue: $4.957B (June 30, 2023)
- Market cap:$102B (August 18, 2023)
- Number of employees: 113,000 (2023)
Sony is one the most well-known brands in the world. Sony is a world leader when it comes to the manufacture and production of electronic devices. Based in Tokyo, Japan, some of Sony’s products include semiconductors, computer hardware, mobile phones, TVs, video games and telecommunications equipment just to mention a few. It offers services such as credit finance, insurance, network services and banking among many others.
Vaio (Visual Audio Intelligent Organizer) has its headquarters in Nagano, Japan and specializes in PC manufacturing. As of 2023, Vaio operates its stores in several countries and regions, such as Argentina, Brazil, Chile, Hong Kong, India, Japan, Malaysia, Singapore, Taiwan, the United States, Uruguay and so on
Vaio was an Original Sony Brand that was introduced in the market in the year 1996. Sony later sold it to Japan Industrial partners but maintained a minority stake in terms of trademark and VAIO logo. VAIO is currently located in the USA with its products being sold by a company referred to as Trans Cosmos America. Its most popular laptop brand was the Sony VAIO T-series SV13134CXS characterized with a long life battery power of up to five hours
Sony net income for the quarter ending June 30, 2023 was $1.588B. Sony operating income for the quarter ending June 30, 2023 was $-14.652B. Sony gross profit for the quarter ending June 30, 2023 was $-6.901B. Sony has assets worth $239.878B with more than 113,000 employees.
A list of its subsidiaries includes Sony EMC, Sony Financial Holdings, and Sony Global Solutions among others. Although Sony is not as strong in the industry as others, it is still considered as one of the top Lenovo Competitors.
7) Microsoft
- Product Type: Software, cloud computing, and hardware
- Industry: Information technology
- Founded date: April 4, 1975
- Founders: Bill Gates and Paul Allen
- Headquarters: Redmond, Washington, United States
- Area served: Worldwide
- Current CEO: Satya Nadella
- Revenue: $56.189B (June 30, 2023)
- Market cap: $2351.37B (August 18, 2023)
- Number of employees: 221,000 (2023)
Microsoft is among the most valuable organizations in the world. Judging by revenue, Microsoft was the largest software manufacturer in the world as at 2016. It is famous for products such as MS Office Suite, MS Windows Operating System and Internet Explorer among many other products. The company was founded in 1975 and has its headquarters in Washington, USA. Microsoft generated revenue worth $56.189B while its total assets were worth $411.976B for the quarter ending June 30, 2023.
Microsoft is a top tech company with a 21% market share worldwide. Microsoft net income for the quarter ending June 30, 2023 was $20.081B. Microsoft gross profit for the quarter ending June 30, 2023 was $39.394B.
Over the years, Microsoft has been expanding by making acquisitions the largest of these being the acquisitions of LinkedIn and Skype Technologies for 26.2 billion dollars and 8.5 billion dollars respectively.
8) Samsung
- Product Type: Consumer electronics.
- Industry: Electronics
- Founded date: March 1, 1938
- Founders: Lee Byung-Chul
- Headquarters: Samsung Town, Seoul, South Korea
- Area served: Worldwide
- Current CEO: Jong-Hee Lee
- Revenue: KRW 60.01 trillion (June 30, 2023)
- Market cap: $330.48 Billion (August 2023)
- Number of employees: 270,320 (2022)
Samsung is a multinational business giant based in Seoul, South Korea. It is made up of several affiliated businesses most of which operate under the Samsung banner. Samsung was founded in 1938 by Lee Byung-Chul and ever since then it has grown from one level to another to become the business empire it is today. It is the world’s largest manufacturer of mobile phones and smartphones, starting with the original Samsung Solstice and later, the popularity of its Samsung Galaxy line of devices.
Operating profit rose sequentially to KRW 0.67 trillion as of second quarter 2023. As of August 2023 Samsung has a market cap of $330.48 Billion. This makes Samsung the world’s 24th most valuable company by market cap. Samsung had assets worth 338.24B while its revenue was KRW 60.01 trillion. It had 270,320 employees in the same year.
Some of its products and services include semiconductors, telecommunications equipment, medical equipment, advertising, hospitality, and retail just to mention a few.
9) Toshiba
- Product Type: Consumer electronics.
- Industry: Electronics
- Founded date: September 15, 1939
- Founders: Tanaka Hisashige and Ichisuke Fujioka
- Headquarters: Minato, Tokyo, Japan
- Area served: Worldwide
- Current CEO: Taro Shimada
- Revenue: $7.874B (March 31, 2023)
- Market cap: $13.52B (August 18, 2023)
- Number of employees: 106,648 (2023)
Toshiba has been a stalwart in the technology industry. Founded in 1939 through a merger between Tokyo Denki and Shibaura Seisaku-sho which were founded much earlier in 1890 and 1875 respectively, Toshiba has managed to stay relevant in an ever-changing industry thanks in part to the quality and variety of its products which include communications and IT equipment, power systems, household appliances, office equipment, medical equipment and PCs among a plethora of other products and services.
Toshiba is the world’s leading maker of notebook personal computers and is among the global leaders in semiconductors and LCDs.
Toshiba net income for the quarter ending March 31, 2023 was $0.365B. Toshiba gross profit for the quarter ending March 31, 2023 was $2.226B. Toshiba total assets for the quarter ending March 31, 2023 were $26.412B.
Toshiba’s subsidiaries include Toshiba China, Toshiba America, Toshiba of Europe and Toshiba Asia Pacific among others.
10) LG
- Product Type: Home appliances, and consumer electronics
- Industry: Electronics
- Founded date: 1947
- Founders: Koo In-Hwoi
- Headquarters: Seoul, South Korea
- Area served: Worldwide
- Current CEO: Park Hyoung-sei
- Revenue: 66.8 billion U.S. dollars (2022)
- Number of employees: 75,000+ (2022)
- Market cap: $12.61 B (August 2023)
Formerly known as Lucky-Goldstar, LG is a multinational company based in Seoul, South Korea. The company specializes in the production of chemicals, telecommunication equipment, and electronic devices. Subsidiaries of the company include Zenith, LG Uplus, LG Electronics, LG Display and LG Chem. LG operates in more than 80 countries.
Founded in 1947, LG had approximately 75,000 employees in 2022 with a revenue of 66.8 billion U.S. dollars in the same year. LG has in the past had ventures with companies such as Royal Phillip Electronics and Nortel Networks. LG was the first company to manufacture a radio in South Korea when it was still known as Goldstar. LG is a competitor to Lenovo not only in laptops but in smartphones as well hence it is considered as one of the top Lenovo Competitors in the industry
In 2022, LG Electronics reported a net income figure of about 1.49 billion U.S. dollars.
The technology industry is an ever-changing one with new products and innovations gracing the market every other day. Technology has and continues to make life easier for everybody. With the cut-throat competition of the technology industry, it is no doubt that new inventions will continue being made. It is interesting to see what the future holds for technology.
11) IBM
- Product Type: Hardware, software, and infrastructure services
- Industry: Information technology
- Founded date: June 16, 1911
- Founders: Herman Hollerith, Charles Ranlett Flint, and Thomas J. Watson
- Headquarters: Armonk, New York, United States
- Area served: Worldwide
- Current CEO: Arvind Krishna
- Revenue: $15.475B (June 30, 2023)
- Market cap: $128.83B (August 18, 2023)
- Number of employees: 350,000
IBM, or International Business Machines, is a multinational technology company that specializes in producing and selling computer hardware, middleware, and software. Founded in 1911, IBM is one of the oldest technology companies in the world and has a long history of innovation and leadership in the industry. IBM is known for its wide range of products and services, including its mainframe computers, which are used by many large corporations and government agencies around the world. IBM is also known for its AI-powered Watson platform, which is used in a variety of applications such as healthcare, finance, and customer service.
IBM gross profit for the quarter ending June 30, 2023 was $8.501B. IBM net income for the quarter ending June 30, 2023 was $1.583B. IBM operating income for the quarter ending June 30, 2023 was $1.914B.
IBM is one of the biggest technology companies in the world, with operations in more than 170 countries. IBM researchers have been awarded Nobel Prizes, Turing Awards, and other top honors for their work throughout its history.
12) Fujitsu
- Product Type: IT services, cloud computing, and printers
- Industry: Information technology
- Founded date: June 20, 1935
- Founders: Den Fujita
- Headquarters: Shinagawa, Tokyo, Japan
- Area served: Worldwide
- Current CEO: Keiji Okada
- Revenue: $5.837B (June 30, 2023)
- Market cap: $23.65B (September 12, 2023)
- Number of employees: 124,216 (2023)
Fujitsu is a Japanese multinational information technology equipment and services company that was founded in 1935. The company provides a wide range of technology products and services, including servers, storage systems, personal computers, tablets, mobile phones, and software. Fujitsu also offers consulting, system integration, and outsourcing services to businesses and governments around the world.
Fujitsu gross profit for the quarter ending June 30, 2023 was $1.618B. Fujitsu net income for the quarter ending June 30, 2023 was $0.032B. Fujitsu operating income for the quarter ending June 30, 2023 was $-0.012B. Fujitsu total assets for the quarter ending June 30, 2023 were $23.652B.
Fujitsu is known for its innovative products and services, and has received numerous awards for its technology and environmental initiatives. With a strong focus on research and development, Fujitsu continues to be a major player in the global technology industry.
13) HTC
- Product Type: Smartphones, virtual reality headsets, and accessories
- Industry: Consumer electronics
- Founded date: May 15, 1997
- Founders: Cher Wang, Peter Chou, and H. T. Cho
- Headquarters: Taoyuan City, Taiwan
- Area served: Worldwide
- Current CEO: Cher Wang
HTC Corporation, also known as High Tech Computer Corporation, is a Taiwanese consumer electronics company that was founded in 1997. It began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. HTC’s main divisions, including the IA (Information Appliance) engineering division and the WM (Wireless Mobile) engineering division, are ISO 9001/ISO 14001-qualified facilities. In 2005, HTC was listed as the fastest-growing tech company in BusinessWeeks Info Tech 100. In 2010, HTC worked with Google to build mobile phones running Google’s Android mobile OS such as the Nexus One. HTC grew exponentially after that, moving from making phones for other people into a global mobile brand. However, HTC’s phone division has been struggling recently, and it has sold a huge chunk of talent to Google and has now resorted to producing phones via third-party manufacturers.
For the first quarter, the company reported sales was TWD 975.32 million compared to TWD 1,104.15 million a year ago. Net loss was TWD 683.67 million compared to TWD 755.66 million a year ago.
14) Quanta Computer
- Product Type: Notebook computers, servers, and automotive electronics
- Industry: Electronics
- Founded date: March 1, 1988
- Founders: Barry Lam and Liang Cizhen
- Headquarters: Guishan District, Taoyuan City, Taiwan
- Area served: Worldwide
- Current CEO: Barry Lam
Quanta Computer is a Taiwan-based manufacturer of notebook computers and other electronic hardware. It was founded in 1988 by Barry Lam and is one of the Global Fortune 500 Companies. Its customers include Apple, Dell, Hewlett-Packard, Acer, Alienware, Amazon.com, Cisco, Fujitsu, Gericom, Lenovo, LG, Maxdata, Microsoft, MPC, BlackBerry Ltd, Sharp Corporation, Siemens AG, Sony, Sun Microsystems, Toshiba, Valve, Verizon Wireless, and Vizio. Quanta has extended its businesses into enterprise network systems, home entertainment, mobile communication, automotive electronics, and digital home markets. The company also designs, manufactures and markets GPS systems, including handheld GPS, in-car GPS, Bluetooth GPS and GPS with other positioning technologies.
Quanta’s production and service locations are across Asia, North America, Latin America, Europe, and SouthEast Asia. Its product lines are across information, communications, consumer electronics, and cloud computing areas. The company actively develops its R&D and manufacturing center in Taiwan and integrates manufacturing sites in the U.S., Europe, and Asia, thereby achieving its strong competitiveness in global manufacturing and sales. Quanta provides its products and services to communication, consumer electronics, and cloud computing areas. It operates assembly plants and after-sales service centers in Asia, Europe, and the Americas.
In 2022 the company made a revenue of $42.41 B. In 2022 the company made an earning of $1.48 B. As of September 2023 Quanta Computer has a market cap of $27.64 Billion
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