Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million
After delivering an overachieving laptop, Lenovo has delivered financial results that also exceeded expectations, producing $ 8 billion in revenue and $ 141 million net profit. Those figures are up 35 and 30 percent respectively over last year, which the company has chalked up to a higher than ever market share of 15 percent. That growth came in part from a 59 percent sales bump in emerging markets like India and Brazil, on top of a 9 percent spurt in its home market — lifting the company 24 percent in world-wide PC shipments for the quarter. Lenovo has also become the second largest player in China’s smartphone market, after Samsung, now up to a 13 percent market share. CEO Yang Yuanqing also proclaimed that, unlike other Redmond partners, he wasn’t stressed about Microsoft’s Surface tablet — and that his company had “much better hardware” than the software giant.
- LG finally shows a profit from cellphones, record high flat-panel shipments in Q4 earnings
- Panasonic racks up a record loss for 2012, looks forward to profits and a partner for OLED TVs
- Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million
- Samsung, Apple Walk Away With 90 Percent Of Smartphone Profits In Q1 2012, Says ABI Research
- Swimming robots break wave-powered distance record, don’t even stop for high-fives
Short URL: http://techno-magazine.com/?p=22097