LENOVO GROUP(HK:00992) Guan Cha Zhe Wang·2025-10-21 10:08Core Insights - Omdia's latest research indicates a 6.8% year-on-year growth in total shipments of desktops, laptops, and workstations, reaching 72 million units by Q3 2025, driven primarily by device upgrade demands as Windows 10 service termination approaches [1][4] Shipment Data - In Q3 2025, laptop shipments (including mobile workstations) are expected to grow by 4% to 57.2 million units, while desktop shipments (including desktop workstations) are projected to increase by 17% to 15.2 million units [1][4] - Lenovo leads the global PC market with a shipment of 19.4 million units, a 17% increase year-on-year, followed by HP with 15 million units (11% growth), Dell with 10.1 million units (3% growth), Apple with over 6 million units, and Asus with 5.8 million units (7% growth) [5][6] Upgrade Demand - The demand for PC upgrades remains strong among enterprises and consumers, particularly as the deadline for Windows 10 service termination approaches [4][6] - A survey indicated that only 39% of respondents believe their clients have completed PC upgrades, while 18% plan to continue using Windows 10 post-support termination, indicating a significant need for ongoing support and guidance from Microsoft and its partners [4] Future Outlook - Major industry players are expected to unveil new product roadmaps to stimulate PC purchasing demand, with upcoming releases of advanced PC chipsets from Qualcomm and Intel [6] - The 2026 International Consumer Electronics Show (CES) is anticipated to showcase new and attractive PC products, with a focus on "edge AI" technology [6]