When it comes to affordable laptops, two players shine at the top while competing with each other i.e. Lenovo vs HP. Both brands offer a diverse range of laptops from affordable to premium ones. Now the questions that arise are- Which one is better in Lenovo vs HP? Who is more successful in terms of sales, revenue, and profitability?
(A) Lenovo vs HP: A Brief Overview
First of all, let’s have a look at the profiles of both the companies-
| Particulars | Lenovo | HP (Hewlett-Packard) |
| Official Name | Lenovo Group Limited | HP Inc. |
| Type of Company | Publicly Listed | Publicly Listed |
| Industry | Computer hardware, Electronics | Information Technology |
| Founded | 1st Nov 1984 | 2nd July 1939 |
| Founders | Liu Chuanzhi Danny Lui | Bill Hewlett David Packard |
| Headquarters | Hong Kong (Registered Office), Beijing, China (Operational Headquarters), Morrisville, North Carolina, United States (Operational Headquarters) | Palo Alto, California, USA |
| Key People | Yang Yuanqing (Chairman & CEO) | Chip Bergh (Chairman)Enrique Lores (President & CEO) |
| Products | Personal Computers, Smartphones, Servers, Supercomputers, Peripherals, Printers, Televisions, Scanners, Storage Devices | Personal Computers, Printers, Digital Press, 3D Printers, Scanners, Copiers, Monitors |
| Subsidiaries (India) | Motorola Mobility, Medion | HP India Sales Pvt Ltd, HP Computing and Printing Systems India Pvt. Ltd, HP PPS India Operations Pvt Ltd, HP PPS Services India Pvt. Ltd. |
| Competitors | Dell, HP, Acer, Compaq, Velocity Micro, Fujitsu Technology Solutions | Dell, Lenovo, Acer, Canon, Epson, IBM, Acce3nure, Capgemini, Compaq, Velocity Micro |
Now, it’s time to dive into the details.
Note: Do you know, the US, Korea, & China raised concerns over India’s Laptop and Computer import restrictions? Go through the article and you will get detailed information on the same.
(B) Lenovo
Lenovo is a big company that makes technology products. They design, make, and sell things like computers, phones, and software. They have many different products like desktop computers, laptops, tablets, smartphones, and more. Some of their famous brands include ThinkPad, IdeaPad, Yoga, and Legion.
Lenovo is the biggest seller of personal computers in the world based on how many they sell. They sell their products in lots of countries around the world, over 180 countries to be exact.
Lenovo started in Hong Kong, but now their main offices are in Beijing and another place in North Carolina, USA. They do a lot of research in different places like Beijing, Chengdu, Japan, Singapore, Shanghai, Shenzhen, and North Carolina. They also work with a company called NEC in Japan to make computers just for that country.
(C) HP Inc.
HP Inc., an American multinational information technology company headquartered in Palo Alto, California, is a major player in the tech industry. Established on November 1, 2015, HP Inc. came into existence as the legal successor to the original Hewlett-Packard.
This transition occurred when Hewlett-Packard underwent a restructuring process, with its enterprise product and business services divisions forming a new publicly traded entity known as Hewlett-Packard Enterprise.
The core focus of HP Inc. lies in the development of personal computers (PCs), printers, and associated supplies, along with cutting-edge 3D printing solutions. The company holds a significant presence on the New York Stock Exchange and is a constituent of the S&P 500 Index, signifying its prominence in the financial market.
As of January 2021, HP Inc. stands as the world’s second-largest personal computer vendor based on unit sales, trailing behind Lenovo. This speaks to the company’s substantial influence in the global PC market.
Additionally, the Fortune 500 list for 2023 ranks HP Inc. as the 63rd-largest corporation in the United States by total revenue, highlighting its economic significance and stature within the business landscape.
(D) Comparing the features of Lenovo vs HP
To understand which is better in Lenovo vs HP, you need to compare its features. Sounds like a tedious task? Don’t worry! We have presented a detailed comparison of features of Lenovo vs HP below-
| Features | Lenovo | HP |
| Design | Lenovo emphasizes sleek and durable designs with premium materials like carbon fiber or aluminum. | HP laptops can vary in build quality and may feature plastic construction. |
| Innovation & Features | Lenovo prioritizes innovation in features and technologies. | HP provides a diverse selection of laptops, including models for various purposes. |
| Price Range | Lenovo offers budget-friendly options. | HP has laptops across different price points, from affordable to high-end configurations. |
| Internal Performance | Prioritizes innovation in features and technologies, frequently introducing unique functionalities. | Focuses on a diverse laptop range, catering to various user needs from budget-friendly to high-performance options. |
| Keyboard Quality | Renowned for ergonomic keyboards, especially in the ThinkPad series, providing comfortable typing experiences with deep key travel and good feedback. | Maintains high-quality keyboards but with more significant variations between product lines. Affordable HP laptops may differ more in keyboard experience. |
| User Experience | Laptops usually come with minimal bloatware and a cleaner user interface, resulting in a straightforward user experience. | Laptops may have pre-installed software, potentially causing inconveniences for some users while being useful to others. |
| Customer Support | Receives praise for reliable customer support, offering online resources, and prompt responses to queries alongside standard warranties. | Provides standard customer warranties, but response times may significantly vary based on the region. |
These features will give you an idea of which laptop is better for you. However, that’s not enough. You need to consider several other factors for determining which company’s laptop is best suited for your needs.
(E) Choosing Lenovo vs HP: Essential Considerations
Whether you are a student or professional, you need to consider the following essential factors to determine which one suits you best in Lenovo vs HP-
(E.1) Brand Reputation
Lenovo’s journey began in 1984 as Legend, focusing on televisions before venturing into PCs in 1990. The turning point came in 2005 with the acquisition of IBM’s Personal Computer
Division, propelling Lenovo to the rank of the world’s third-largest computer manufacturer. Despite a solid reputation for reliable performance, Lenovo faces a challenge in delivering the same value for money as its formidable competitor, HP.
HP, established in 1939, evolved alongside the home computing revolution. With its roots in personal computing dating back to the late 1960s, HP became a trailblazer in making computers accessible to the masses. Based in Palo Alto, California, HP stands tall with a stellar reputation, attracting users with laptops renowned for their high performance, speed, and stylish aesthetics.
(E.2) Components
In the showdown of components, HP’s TPN-C160 model emerges as a powerhouse, armed with a 13th Gen Intel Core i7-13700H processor, 64GB RAM, and a 17.3-inch display.
Ideal for productivity, multitasking, gaming, and content creation, it outshines Lenovo’s ThinkPad P15, which, despite a competitive stance, falls short in certain aspects.
(E.3) Design
Lenovo’s laptops often boast a rugged, almost utilitarian aesthetic, while HP takes the spotlight with slimmer, lighter, and more streamlined designs. Though the choice between the two is subjective, HP’s emphasis on mobility shines through, making its laptops more appealing to those on the move.
(E.4) Display
HP’s displays offer versatility with resolutions ranging from FHD to 4K. In contrast, Lenovo’s laptops tend to feature FHD resolution with up to 300 nits brightness. HP’s brightness peaks at 400 nits, providing a visual edge. Both brands deliver good color accuracy, and the inclusion of OLED options adds further variety.
(E.5) Battery Life
Lenovo takes the lead in the battery life race, providing up to 12 hours of runtime in many mid-range and high-end laptops. HP, while boasting decent battery life, struggles to match Lenovo’s extended durations.
It’s worth noting that entry-level models from both brands may compromise on battery life.
(E.6) Build Quality
Lenovo gains an edge in build quality, especially with its rugged ThinkPad lineup crafted from lightweight yet durable carbon fiber. HP, while constructing durable laptops, acknowledges the sturdiness of Lenovo’s ThinkPad models. For those not specifically seeking a ThinkPad, both brands offer comparable durability.
(E.7) Warranty
Lenovo offers base warranties ranging from one to three years, extendable up to five years with separate upgrades. HP provides one-year warranties for consumer PCs and one to three years for business laptops, expandable through Care Packs. Both brands accommodate post-warranty plans, with coverage starting after the base warranty expires.
(E.8) Price
Catering to various budgets, Lenovo and HP offer entry-level options starting around $220 and $350, respectively. HP, even in lower-budget laptops, manages to provide better components.
In the mid and high-end range, HP’s competitive pricing coupled with stellar performance positions Lenovo’s laptops, with similar specs, as a relatively pricier alternative.
Now, it must become easy for you to find which is better for you- Lenovo or HP!
(F) Lenovo vs HP: Business Comparison
By now, we have seen the detailed comparison of Lenovo vs HP based on the features. In this section, we will look at how are they performing in terms of business-
| Business Aspects | Lenovo | HP |
| Market Capitalization | HKD 100.62 billion | USD 28.03 billion |
| Market Share | 25.6% | 22% |
| Revenue Earned (2022) | US$71.618 billion | US$62.98 billion |
| Operating Income (2022) | US$3.081 billion | US$4.68 billion |
| Net Income (2022) | US$2.145 billion | US$3.20 billion |
| Total Assets (2022) | US$44.51 billion | US$38.59 billion |
| Total Equity (2022) | US$5.395 billion | US$−2.92 billion |
| Expenditures (2023) | US$2.22 billion (Only R&D) | US$50.26 billion |
| Profits | US$10.5 billion | US$11.508 billion |
Let’s take a closer look at the numbers that tell the business story of Lenovo and HP. Lenovo is valued at HKD 100.62 billion in market capitalization, holding a significant 25.6% market share. In 2022, it earned an impressive US$71.618 billion in revenue, with an operating income of US$3.081 billion and a net income of US$2.145 billion. The company’s total assets stand at US$44.51 billion, and it has a total equity of US$5.395 billion.
In 2023, Lenovo focused its expenditures on Research and Development (R&D), spending US$2.22 billion. On the other hand, HP, with a market capitalization of USD 28.03 billion and a market share of 22%, generated a substantial revenue of US$62.98 billion in 2022.
HP reported a higher operating income of US$4.68 billion and a net income of US$3.20 billion. The company’s total assets are valued at US$38.59 billion, but it shows a total equity of US$−2.92 billion. HP’s extensive expenditures in 2023 amounted to a significant US$50.26 billion.
Despite the differences, both companies remain profitable, with Lenovo securing US$10.5 billion in profits and HP surpassing with profits totaling US$11.508 billion. These numbers unveil the financial landscapes of Lenovo and HP, showcasing their strengths, market positions, and financial focuses.
(G) Wrapping Up Lenovo vs HP: Who is the winner?
In the race between Lenovo and HP, each has its shining moments. Lenovo impresses with a robust market share, notable revenue, and commendable profits. On the other side, HP stands out with a competitive market capitalization, higher operating income, and an edge in net income.
While Lenovo showcases strength in research and development, HP takes the lead in overall expenditures. The winner? Well, it depends on your priorities. Lenovo brings a strong market presence, while HP emphasizes financial performance.
In this tech showdown, both contenders bring something valuable to the table, making it a close call between Lenovo and HP!
