Lenovo PC sales growth best but loses top market ranking

Lenovo remained the world's fastest-growing supplier of personal computers last year, but was edged out by rival Hewlett-Packard as global market leader.
The mainland technology giant continued to outpace its industry rivals by boosting personal computer shipments 8.2 per cent in the fourth quarter and 19.2 per cent for the full year, according to preliminary estimates by market research firm IDC.
The sales slump worsened in the past quarter, as shipments during the Christmas holiday season fell for the first time in more than five years. IDC attributed the slowdown to lingering economic woes worldwide and greater consumer interest in smartphones and media tablets.
Sales of personal computers that run on Microsoft's new Windows 8 operating system have been lacklustre.
Jay Chou, a senior research analyst at IDC, said computer makers' efforts to clear their inventory of products running on Windows 7 in the third quarter "did not significantly boost the uptake of Windows 8 systems in the fourth quarter".