Lenovo promises to up PC building to meet working from home demand
Remote working will outlast the current crisis and could lead to a boom in PC sales
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The pandemic has led many businesses to allow their employees to work from home andLenovois betting that the remote working trend will continue once the crisis subsides.
According to B2B sales data from aNPD blog post, notebook sales increased by almost 30 percent year-over-year during the last week of February and then saw a 60 increase during the first two weeks of March.
Many employees were not properly equipped towork from homeat the beginning of the outbreak which is why sales of laptops, monitors and computer accessories boomed during the early days of the pandemic.
In a recentearnings call,Lenovosaid that its PC and smart devices group jumped by four percent year-on-year though factory closures in China had limited its supply of products. This meant that the company was unable to leverage demand during Q4, though orders kept coming in.
Meeting demand
Chief operating officer and corporate president of Lenovo, Gianfranco Lanci explained why the company is betting that the remote working trend will continue after the crisis, saying:
“People will continue to work from home even after the crisis, maybe not at the same level, not to 100%, but for sure a good percentage of people will continue to use at home, because it’s proven that it’s more efficient from a company point of view and it’s also better perceiver and from a employee point of view.”
Lanci also believes the households in mature markets will move from having one or two PCs per family to having one PC per person in every home due to remote working, distance learning and entertainment and online shopping.
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On the enterprise side, Lenovo CEO Yang Yuanqing said that “many big corporate enterprise customers are still looking to buy or refresh employees notebooks and this looks likely to be a long-term trend”. As a result of this, he thinks it is possible that the total addressable PC market will increase by 25 to 30 percent in two or three years.
Remote working is likely here to stay and Lenovo as well as other PC makers are going to be working hard to meet demand after shortages andshipping delaysprevented consumers and businesses from upgrading their systems at the beginning of the coronavirus outbreak.
ViaThe Register
After working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches and ransomware gangs to the best way to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.
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