Lenovo's fiscal Q3 profit up 54 per cent, increases China share
- 09 February, 2012 13:37
- Comments
Lenovo's profit in its fiscal third quarter ended December 31 grew 54 per cent year-over-year, as the company saw growth in many key markets.
PC shipments increased by 37 percent, the Chinese PC vendor reported.
Profit was $US153 million at the end of the quarter, while revenue rose by 44 per cent year-over-year to $US8.4 billion.
Lenovo's business continues to grow despite a sluggish PC market brought on by uncertain economic conditions, and consumer interest in tablets. The company was rated by research firms Gartner and IDC as the world's second largest PC vendor, surpassing Dell, in the third quarter of 2011.
Lenovo has credited its success to its focus on strengthening its PC business in its home turf in China -- expected to be the world's largest PC market in 2012 - while also "attacking" emerging markets such as Russia and India. In China, the company said it now had a record 35.3 percent market share.
"In China, you only have to walk around a few blocks and you will be able to find a Lenovo store or service center," Gartner analyst, Eileen He, said.
The company continued to invest in distribution channels not only in China, but also in foreign markets, which helped drive Lenovo's growth, she said.
Lenovo also reported growth in mature markets.
The company said its PC shipments in Western Europe and North America increased by 67 per cent year-over-year during the quarter.
In its mobile Internet business, which includes tablets and smartphones, Lenovo reported "strong progress".
In the fiscal third quarter, the company sold 6.5 million handsets, of which almost half were smartphones.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
- Bookmark this page
- Share this article
- Got more on this story? Email CIO
- Follow CIO on twitter
-
Face Time - Interview with John Brennan and Robert DiStefano
-
How to implement next-generation storage infrastructure for Big Data
-
Pfizer's Future Depends on IT Transformation
-
Pfizer's Future Depends on IT Transformation
-
Pfizer's Future Depends on IT Transformation
-
Spear Phishing Attacks - Why they are successful and how to stop them
There's been a rapid shift from broad, scattershot attacks to advanced target attacks that have had serious consequences for victim organisations. The increased use of spear phishing is directly related to the fact that it works, as traditional security defences simply do not stop these types of attacks. This paper provides a detailed look at how spear phishing is used within advanced attacks and the key capabilities organisations need in order to effectively combat these emerging and evolving threats. -
Virtual Certainty - Best Practices for Gaining Monitoring Clarity in VMware Environments
The benefits of virtualisation are unassailable: increased agility, scale, and cost savings to name but a few. However, so too are the monitoring challenges posed by these environments—including complexity, lack of visibility and control, and inefficiency. This white paper reveals the best monitoring practices to employ in virtualized environments—best practices that are essential in enabling organizations to overcome their monitoring challenges so they can get the most business value from their virtualisation investments. -
Top 5 Myths of Safe Web Browsing
There are a lot of misconceptions out there about safe web browsing. You might think you're being safe. But without the facts it’s next to impossible to stay protected against today’s changing threats. In this paper we describe the top five myths of safe web browsing, what the facts really are, and what you can do to stay secure.
-
Excel 2007 All-In-One Desk Reference for Dummies
-
Windows 7 for Dummies® Dvd+book Bundle
-
Microsoft Office
-
Windows 7 for Dummies®
-
Computers for Seniors for Dummies, 2nd Edition
-
Windows 7 for Seniors for Dummies®
-
Office 2007 for Dummies
-
Teach Yourself Visually Windows 7
-
Office 2007 All-In-One Desk Reference for Dummies








Comments
Post new comment