Lenovo Resets to Regain Its PC Crown -- WSJ

HONG KONG -- China's #Lenovo Group is shaking up its operations as it seeks to reclaim the title of global leader in personal computers and shore up its smartphone business. For the first time in four years, Lenovo -- a company that gained acclaim a decade ago for turning around storied U.S. personal-computer maker #IBM International Business Machines Corp. -- slipped from the top spot this year to No. 2 in the personal-computer market, behind rival #HP Inc. Lenovo has also fallen to No. 8 in the number of smartphones shipped globally, from No. 3 when it acquired another U.S. brand, #Motorola, in late 2014. Lenovo's Hong Kong-listed stock has fallen nearly 60% since the Motorola acquisition. Behind Lenovo's woes is a maturing personal-computer market where demand is slowing as consumers increasingly use smartphones and other devices for daily activities including checking the internet. Lenovo also faces fresh challenges from rivals such as #Huawei Technologies Co., which has rolled out its own hybrid laptop tablets. In response, the company is restructuring and installing new management in China to better compete against rivals in a market known for fierce cost-cutting in both personal computers and mobile phones.

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