Lenovo sets up Hungarian unit to sell IBM computers
Thursday, September 8, 2005, 16:58
China's Lenovo has set up a unit in Hungary which will start selling IBM-brand PCs and laptops, news portal prim.hu reported. Lenovo bought IBM's PC business in spring and may use the brand for another five years. The purchase boosted Lenovo's global market share to 7%, or annual revenue of $ 13 billion. IBM PCs and laptops have a 10% share of the Hungarian market, but Lenovo aims to boost its share through sales of new products such as for example cell phones, which it will introduce next year. Lenovo also wants to attract micro-businesses, employing as few as two people, in addition to big companies.