Jul 14, 2015 04:41 PM EDT

Lenovo Stock Steady Despite China’s Downtrend – 'PCs Are Still The Heart Of Our Business'

The Lenovo stock, despite China's current stock market situation, widened its overall lead for PC shipments in the recent quarter.

Thursday's report of the research firms Gatner IT and IDC stated that the company shipped 13.4 million PCs in the second quarter of 2015, according to Gazzette Tribune.

The Chinese company's overall share increased from 19.1 percent to 19.7 percent, according to Gatner IT. IDC thinks that the figure already represents 20.3 percent of the global market.

"PCs are still the heart of our business," Gianfranco Lanci, CEO and president of the company, said, "Our strength in PCs fuels the rest of our strategy."

This success, though, comes with a bit of a downfall. Analysts believe that despite the global shipments, there is still a decrease in PC market by 10 percent this year.  

This is the same with other top PC companies, such as Dell, HP, Acer and Asus. E Week found out that all vendors already saw a decline in shipments.  

Compared to the same quarter last year, Lenovo fell by 6.8 percent, while HP dropped by 19.7 percent. Dell stepped down by 5 percent.

Asus also went down by 10.2 percent and Acer by 20.2 percent. Despite the 68.4 million overall worldwide PC shipments, analysts say that this is the steepest decline since 2013's third quarter.

Liu Chuanzhi, chairman of Lenovo parent Legend Holdings is reportedly going to transform the company as part of their strategy. In fact, he has already started it in 2005 by purchasing IBM's PC business, Forbes reported.  

In addition, it acquired Motorola Mobility of Google and the x86 server business, another division of IBM. In short, the only way to fight this crisis is through innovation.

Lenovo's Chief Marketing Officer David Roman said they continue to move forward. Innovation doesn't only pertain to creating something new, but also taking existing products and amending them for new markets.

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