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.
Continue reading Lenovo's Q1 shows 'record high' market share, profits up 30 percent to $141 million
Filed under:
Laptops,
Tablet PCs
Permalink 
WSJ | |
Email this |
Comments
No comments:
Post a Comment