China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers. China based PC maker the Lenovo Group says Sri Lanka’s early stage IT market offered high growth potential for hardware manufacturers. The Lenovo Group’s take over of IBM’s PC division making it the third largest PC maker could also mean lower prices for emerging markets like Sri Lanka.
For Sri Lanka, Lenovo officials here on Tuesday to launch the brand said, the island PC market is valued at US$ 110.9 million.
A study of the Sri Lankan market by Springboard Research expects the market to grow 33.9 percent in 2006 to US$ 147.9 million.
Hardware in particular reportedly takes up 70 percent of early IT market development.
Its global take over of IBMs PC division will have little change for Sri Lanka, except for the corporate name and the introduction of a range of Lenovo branded hardware.
IBM’s Think range of computers will continue without change.
Lenovo officials are also confident that its strengths are best suited to the needs of an emerging and high growth PC market a