backtop


Print

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.”

Source: Lenovo





“Then they pop up and say ‘Hello, surprise! Give us your money or we will shut you down!' Screw them. Seriously, screw them. You can quote me on that.” -- Newegg Chief Legal Officer Lee Cheng referencing patent trolls
Related Articles



Latest Headlines
How Apple watch Series 2 differ from the S1
February 18, 2017, 5:37 AM
Chuwi LapBook
February 6, 2017, 6:49 AM
LG Watch Style
February 5, 2017, 8:00 AM
New iMac and Release Date
February 4, 2017, 9:30 AM



Most Popular ArticlesHow Apple watch Series 2 differ from the S1
February 18, 2017, 5:37 AM
AMD Offers
February 17, 2017, 6:01 AM
Samsung Notebook 9 vs Acer Aspire S 13
February 17, 2017, 7:23 AM
Seagate FireCuda – 2TB of Fast Gaming Solid State Hybrid Drive Storage
February 6, 2017, 8:24 AM
Comparison: NuVision vs Kindle Fire HD
February 18, 2017, 6:25 AM







botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki