Lenovo Reveals Fiscal Q2 Earnings, Bucks Trend of PC Sales Stagnation
November 8, 2012 9:43 AM
comment(s) - last by
Lenovo is still growing faster than the overall PC industry
Lenovo was happy to announce today that it racked up record pre-tax income of $204 million during fiscal Q2 with record quarterly sales of $8.7 billion. Lenovo also set a quarterly record with a market share of 15.6%.
Lenovo also brags that as of September 30, 2012, it is sitting on net cash reserves of $3.6 billion. Lenovo's record quarterly sales of $8.7 billion represent an 11% increase year-over-year. The company also says that it is continuing its push towards becoming the top vendor in the PC industry. The Chinese company has grown faster than the top four PC companies for three straight years.
Lenovo grew its
worldwide PC shipments
during the quarter by 10.3%, even though the market was down 8% year-over-year. Fiscal Q2 marks the 14th quarter in a row Lenovo has been able to grow faster than the PC industry as a whole. That growth is undoubtedly thanks in part to Lenovo's strong presence in China, which is one of the biggest emerging markets in the PC industry.
“With the strong execution of our Protect and Attack strategy, Lenovo has continued its strong and balanced growth momentum,” said Yang Yuanqing, Chairman and CEO of Lenovo. “Our global PC market share reached another historic high, moving us closer to our dream of becoming the worldwide PC leader.”
This article is over a month old, voting and posting comments is disabled
What computer brand would you recommend to a friend?
11/9/2012 3:10:14 PM
When I upgraded my "most used" computer this year, it was to a Lenovo. I replaced the Windows with a Linux distribution, and have had almost no problems (except when I downloaded Google Earth, but I don't blame Lenovo for that).
So, would I recommend Lenovo to a friend? Yes.
"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer
Gartner: Lenovo Grabs the Top Spot in Global PC Market from HP
October 11, 2012, 9:12 AM
Skrillex Releases Free Album Inside App, But Crashes Torture Fans
March 13, 2014, 8:04 PM
Microsoft Waives Windows Phone OS Licensing Fees for Two Hardware Makers in India
March 13, 2014, 1:07 PM
Huawei Says Windows Phone is "Low Priority", Relegates It to Dual OS
March 13, 2014, 11:21 AM
$1,200 Nikon 1 V3 Mirrorless Camera Offers 120fps Slow Motion Capture
March 13, 2014, 9:04 AM
Surface 2 LTE Tipped for AT&T, Power Cover Available for Pre-order
March 12, 2014, 9:15 AM
HTC One Leaks: LED Smart Cover, Carrier Models, Google Play Ed.
March 11, 2014, 5:30 PM
Most Popular Articles
Bitcoin King Pt. II: Mt. Gox's Dictator Karpelès Proves Tragically Flawed
March 7, 2014, 1:12 PM
Windows 8.1 Update 1 Leaked Early
March 7, 2014, 9:30 AM
Hack Reveals Fallen Bitcoin CEO's Posh Tokyo Penthouse
March 10, 2014, 4:28 PM
Vine Users No Longer Allowed to Post Pornographic Videos
March 7, 2014, 1:47 PM
Staples Closing 225 Stores Across North America
March 7, 2014, 1:24 PM
Latest Blog Posts
Tesla vs. BMW: Who Has the Safer EV?
Feb 1, 2014, 2:56 PM
Justice Leaks Details of Next HTC One Two Flagship Phone
Dec 5, 2013, 4:04 PM
Global Cyber Espionage Concerns Reveal Growing Cyber Armies
Nov 29, 2013, 11:04 AM
Is The Period Becoming an Expression of Anger?
Nov 26, 2013, 2:02 PM
NSA and Congress -- You Will Never Kill the Constitution, It's an Idea
Nov 10, 2013, 2:00 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information