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Annual Report Project | Lenovo, Fiscal Year 2012/13 | Accounting I Professor Jerome Newman By: Min Ki Kim August 24th 2013 |

Lenovo is a Chinese computer company that primarily specializes in laptop computers, workstations and various other consumer electronics with an emphasis on catering to businesses, and government agencies with their Think line of durable laptops. Their 2012/2013 annual statement includes a quick business review from their management team that is composed of an: audit committee that independently review financial statements, internal controls, and risk management systems; compensation committee which decides compensation policy for the CEO and other senior management, nomination and governance committee whom help the board of directors organize and review the corporate governance principles and policies and finally the CEO who is responsible for the management and implementation of Lenovo’s strategy and policy (P.36). For the fiscal year of 2012/13 Lenovo boasted a 15.5% share in the PC market due to their PC+ strategy and achieved an overall number 3 ranking for total global market share in the smart connected device category (P.16). Lenovo has also begun penetrating into the smartphone market and is rapidly making headway into China, India, Indonesia, the Philippines, Russia and Vietnam. How successful this venture will be remains to be seen but initial impressions are showing promise. Tablet sales have been showing steady growth and Lenovo boasts a 74% increase in shipments from 2012 to 2013 as well as being the #2 distributer of tablet computers in their home country, China. Lenovo’s total revenue analysis based on product shows a consistent performance in their notebook computer and desktop computer markets with both making up around 55% and 30% of Lenovo’s total revenue respectably. The remaining 10-15% is...

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