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.
"DailyTech is the best kept secret on the Internet." -- Larry Barber
Gartner: Lenovo Grabs the Top Spot in Global PC Market from HP
October 11, 2012, 9:12 AM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information