市场研究机构Canalys认为，2028年AI PC出货量占比有望达70%，预计2024-2028年AI PC的复合增速为 44%。为此，联想正在积极执行其"混合式AI" 愿景。联想的混合AI愿景覆盖了从高性能AI PC到边缘计 算、再到云计算的整个AI基础设施，旨在为客户提供更安全、更可靠的AI驱动工作环境。 上述联想相关负责人表示，通过持续加大研发投入并执行其"混合式AI"愿景，联想正将现有的市场优势 转化为技术和价值上的长期竞争优势，确保其在AI PC这一新的增长赛道中占据有利位置。 编辑：胡晨曦 据介绍，联想凭借25.5%的市场占有率，将与排名第二的厂商惠普（HP Inc.，市占率19.8%）的差距拉 大至5.7个百分点。戴尔（Dell Technologies）在本季度仅实现了2.6%的增长，市场份额也从去年同期的 14.2%下降到13.3%。 联想集团相关负责人表示，在当前复杂的全球贸易环境下，供应链的稳定性和运营的弹性成为决定PC 厂商市场表现的关键因素。联想的出色表现得益于其包括独特的ODM+制造模式和灵活的"全球／本 地"运营策略。这种结构使联想在满足企业大规模、高标准采购需求时，能够保持高 ...

领先优势继续扩大。 图： 2025年第三季度全球传统PC厂商出货量、市占率及同比增速具体数据（数据来源：IDC，出货量单位：百万台） 联想凭借 25.5%的市场占有率，将与排名第二的厂商惠普（HP Inc.，市占率19.8%）的差距拉大至 5.7个百分点 。这种领先优势的扩大，反映了在当前需求集中爆发的换代周期中，具备高效供应链和 广阔企业渠道的头部厂商正在加速市场集中度。 此外，在商业市场拥有强大实力的戴尔（ Dell Technologies）在本季度仅实现了2.6%的增长，市场 份额也从去年同期的14.2%下降到13.3%。戴尔的增长疲软，进一步印证了联想在捕捉由Windows 11 驱动的高价值企业换代订单方面，具备更为出色的执行能力。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息，根据国际数据公司（IDC）《全球季度个人计算设备追踪报告》发布的初步结果 显示，2025年第三季度，全球传统个人电脑（包括台式机、笔记本电脑和工作站）市场显示出持续 活力实现加速增长：出货总量达到7590万台，相较于去年同期（6930万台）增长了9.4%。 ...

新浪科技讯 10月10日中午消息，根据国际数据公司（IDC）《全球季度个人计算设备追踪报告》发布的 初步结果显示，2025年第三季度，全球传统个人电脑（包括台式机、笔记本电脑和工作站）市场出货总 量达到7590万台，相较于去年同期（6930万台）增长了9.4%。 联想集团蝉联全球PC市场份额第一。根据IDC的最新数据，2025年第三季度，联想的PC出货量达到 1940万台，市场份额高达25.5%。值得注意的是，联想实现了17.3%的同比增长，这一增速显著高于市 场平均水平（9.4%），也高于所有前五名主要竞争对手。而戴尔在本季度仅实现了2.6%的增长，市场 份额也从去年同期的14.2%下降到13.3%。 市场研究机构Canalys 认为2028年AI PC出货量占比有望达70%，预计2024-2028年AI PC的复合增速为 44%。为此，联想正积极执行其"混合式AI" 愿景。 | Top 5 Companies, Worldwide Traditional PC Shipments, Market Share, and Year-Over-Year | | | | | | | --- | --- | --- ...

从联想来看，其"全球资源与本地交付"模式，建立起有效的风险对冲机制。这种全球化策略的有效实 施，确保了公司能够始终最大化地从全球各地的市场需求中获益，避免了单一区域市场波动带来的致命 影响。 PC行业正在从传统的由操作系统驱动的迭代周期，转向由AI算力下放和新应用场景驱动的创新周期。 市场研究机构Canalys认为，2028年AI PC出货量占比有望达70%，预计2024-2028年AI PC的复合增速为 44%。 据悉，联想正在积极执行其"混合式AI"愿景。这一战略不仅仅关注设备端的AI，更是致力于构建"个人 AI"和"企业AI"的全栈式解决方案。联想的混合AI愿景覆盖了从高性能AI PC到边缘计算，再到云计算 的整个AI基础设施，旨在为客户提供更安全、更可靠的AI驱动工作环境。 不久前公布的2025/2026财年Q1业绩报告显示，报告期内联想AI PC出货量已占整体PC出货量30%以 上，Windows AI PC的市场份额有望超越整体Windows PC市场份额，并稳居全球Windows AI PC市场第 一。中国市场具备五大特征的AI PC出货量占比已达笔记本总出货量的27%。 其中，联想集团蝉联全球 ...

在当前复杂的全球贸易环境下，供应链的稳定性和运营的弹性成为决定PC厂商市场表现的关键因素。 联想的出色表现得益于其卓越的运营能力，包括独特的ODM+制造模式和灵活的"全球/本地"运营策 略。这种结构使联想在满足企业大规模、高标准采购需求时，能够保持高效的成本控制和快速的交付能 力。 根据国际数据公司（IDC）《全球季度个人计算设备追踪报告》发布的初步结果显示，2025年第三季 度，全球传统个人电脑（包括台式机、笔记本电脑和工作站）市场显示出持续活力实现加速增长：出货 总量达到7590万台，相较于去年同期（6930万台）增长了9.4%。 在市场整体强劲反弹的背景下，联想集团的表现尤为突出，不仅蝉联全球PC市场份额第一，而且成功 扩大了其对竞争对手的领先优势。根据IDC的最新数据，2025年第三季度，联想的PC出货量达到1940万 台，市场份额高达25.5%。更值得注意的是，联想实现了17.3%的同比增长，这一增速显著高于市场平 均水平（9.4%），也高于所有前五名主要竞争对手。这一高增速证明，联想正在积极有效地从竞争对 手手中抢占市场份额，而非仅仅受益于市场的自然复苏。 | Top 5 Companies, W ...

根据国际数据公司(IDC)《全球季度个人计算设备追踪报告》发布的初步结果显示，2025年第三季度， 全球传统个人电脑(包括台式机、笔记本电脑和工作站)市场显示出持续活力实现加速增长：出货总量达 到7590万台，相较于去年同期(6930万台)增长了9.4%。 在市场整体强劲反弹的背景下，联想集团的表现尤为突出，不仅蝉联全球PC市场份额第一，而且成功 扩大了其对竞争对手的领先优势。根据IDC的最新数据，2025年第三季度，联想的PC出货量达到1940万 台，市场份额高达25.5%。更值得注意的是，联想实现了17.3%的同比增长，这一增速显著高于市场平 均水平(9.4%)，也高于所有前五名主要竞争对手。这一高增速证明，联想正在积极有效地从竞争对手手 中抢占市场份额，而非仅仅受益于市场的自然复苏。 | Top 5 Companies, Worldwide Traditional PC Shipments, Market Share, and Year-Over-Year | | | | | | | --- | --- | --- | --- | --- | --- | | Growth, Q3 2025 (Preli ...

Core Insights - The AI application is at a commercialization inflection point, with significant sales growth expected in the coming years, particularly for companies like Lenovo that provide comprehensive AI solutions [1][2] - The Chinese AI market is projected to exceed 400 billion yuan by 2025, driven by large models, embodied intelligence, and smart driving as key growth engines [2] - Lenovo is positioned as a leading enterprise in the AI sector, focusing on both enterprise and consumer markets, which is attracting capital market interest [2][9] Industry Trends - The AI industry is transitioning from "technology validation" to large-scale application, with over 433 large models registered and operational in China, indicating a shift from experimental to practical applications [2] - The global AI market is experiencing rapid growth, with market size increasing from $1.917 trillion in 2019 to $4.7327 trillion in 2023, and expected to surpass $11.6 trillion by 2027 [2] - The Chinese government's strategic focus on AI, highlighted in the "Artificial Intelligence+" initiative, aims to integrate AI deeply into six key sectors, enhancing the core industries of the smart economy [6][8] Company Developments - Lenovo's recent financial report indicates continuous growth in its SSG business, marking 17 consecutive quarters of year-on-year revenue increase, with a strong position in AI PC penetration [5] - The company is advancing its mixed AI strategy, integrating personal, enterprise, and public intelligence to promote AI accessibility and efficiency [8][9] - Lenovo's infrastructure and manufacturing capabilities are being leveraged to support the local deployment of large models, ensuring data security and enhancing AI application efficiency [8][9]

Core Insights - Lenovo Group has been recognized in Forbes China's 2025 "Top 30 Chinese Enterprises in International Operations" list due to its scalable overseas revenue, technology-driven growth model, and global collaboration capabilities [2][3] - The average overseas revenue growth for the listed companies is 63.2%, with a median contribution of 45.5% from overseas revenue, while Lenovo's overseas revenue for the fiscal year 2024 reached 381.67 billion RMB, accounting for 77% of its total revenue, significantly higher than most listed companies [2] - Lenovo maintains a leading position in the global PC market with a 23.7% market share and has achieved the highest sales in the AI PC category within the Windows AI PC segment, which is a key driver for overseas consumer revenue growth [2] Business Strategy - Lenovo's international operations are not reliant on a single product but are based on a "hybrid AI" strategy that encompasses a global business ecosystem covering consumer terminals and enterprise services, distinguishing it from other companies on the list [3] - By deepening its presence in overseas markets, Lenovo effectively integrates global resources to benefit the domestic market, with approximately 80% of its manufacturing, 70% of its R&D personnel, and 60% of its employees based in China, while over 70% of its revenue comes from overseas [3] Future Outlook - As global AI technology transitions from a "competition phase" to a "implementation phase," Lenovo's international operations have significant expansion potential [3] - The demand for AI PCs is expected to continue growing, with IDC predicting that by 2025, AI PC shipments will account for over 40% of total PC shipments, allowing Lenovo to further increase its overseas market share [3] - The application scenarios for hybrid AI in industries such as manufacturing, healthcare, and education are expected to diversify, enabling Lenovo to leverage its global R&D and supply chain network to replicate its domestic technological experiences in international markets, forming a new growth logic of "global technology collaboration and regional market customization" [3]

Group 1 - Forbes China recently released the "Top 30 Chinese Enterprises in Global Operations" list for 2025, with Lenovo Group (00992) recognized for its large-scale overseas revenue, technology-driven growth model, and global collaboration capabilities in branding, supply chain, and R&D [1] - The average overseas revenue of the 30 listed companies increased by 63.2%, with a median contribution ratio of 45.5%. Lenovo's overseas revenue for the fiscal year 2024 reached 381.67 billion RMB, accounting for 77% of its total revenue, with a year-on-year growth rate of nearly 21.5% [1] - Lenovo's overseas revenue is significantly higher than many listed companies, being 56 times that of high-growth companies like NewEase (300502) and showing a notable advantage compared to BYD (002594) [1] Group 2 - Lenovo's global competitiveness is supported by its core business areas, with a global market share of 23.7% in the PC business for fiscal year 2024, maintaining industry leadership. Lenovo's AI PCs have become the top seller in the Windows AI PC category, driving overseas consumer revenue growth [2] - Lenovo's multinational operations are not reliant on a single product but are based on a "hybrid AI" strategy that encompasses a global business ecosystem covering consumer terminals and enterprise services, distinguishing it from other listed companies [2] - Lenovo's strategy aligns with the Forbes list's focus on companies advancing globally in branding, supply chain, and R&D, with AI PC sales enhancing its global recognition as a "smart terminal leader" [2] Group 3 - By deepening its overseas market presence, Lenovo effectively integrates global resources while benefiting the domestic market, with approximately 80% of its manufacturing, 70% of R&D personnel, and 60% of employees based in China, while over 70% of its revenue comes from overseas [3] - Lenovo has been recognized 11 times on the Gartner Top 25 global supply chain list, ranking eighth globally and remaining the only high-tech manufacturing company from Asia-Pacific in the top ten for four consecutive years [3] - Lenovo's inclusion in the list provides a new reference path for the globalization of Chinese tech companies, showcasing its unique approach of transitioning from "scale expansion" to "value cultivation" through a closed loop of "technology iteration - product innovation - ecosystem collaboration" [3] Group 4 - Looking ahead, Lenovo's multinational operations have significant expansion potential as global AI technology transitions from a "competition phase" to a "implementation phase." The demand for AI PCs is expected to continue growing, with IDC predicting that AI PC shipments will account for over 40% of total PC shipments by 2025 [4] - Lenovo's first-mover advantage positions it well to further expand its overseas market share, while the hybrid AI applications in various sectors such as industry, healthcare, and education will allow Lenovo to replicate its domestic technology implementation experience overseas [4]

Core Insights - Lenovo Group has been recognized in Forbes China's 2025 "Top 30 Chinese Enterprises in Global Operations" list due to its substantial overseas revenue, technology-driven growth model, and global collaboration capabilities in branding, supply chain, and R&D [1][3] Group 1: Financial Performance - Lenovo's overseas revenue for the fiscal year 2024 reached 381.67 billion RMB, significantly exceeding many listed companies, with a 77% contribution to total revenue and a year-on-year growth rate of nearly 21.5% [1][3] - The average overseas revenue growth for the 30 listed companies was 63.2%, with a median contribution ratio of 45.5%, highlighting Lenovo's superior performance [1][3] Group 2: Market Position - Lenovo holds a global market share of 23.7% in the PC business, maintaining its industry-leading position, and its AI PC sales have become the highest in the Windows AI PC category [3][4] - Lenovo's overseas revenue is 56 times that of some high-growth companies in the list, showcasing its significant scale compared to competitors like BYD [3][4] Group 3: Strategic Advantages - Lenovo's "Hybrid AI" strategy integrates terminal consumption and enterprise services, differentiating it from other companies on the list [3][4] - The company has over 30 manufacturing bases globally, including a "lighthouse factory" in Monterrey, Mexico, marking a significant achievement for a Chinese enterprise in the Americas [4] Group 4: Future Outlook - The demand for AI PCs is expected to continue growing, with IDC predicting that by 2025, AI PC shipments will account for over 40% of total PC shipments, providing Lenovo with opportunities to expand its overseas market share [5] - Lenovo aims to replicate its domestic technology implementation experiences in international markets, fostering a new growth logic of "global technology collaboration and regional market customization" [5]