backtop


Print

Lenovo outpaces the industry again

Lenovo has offered up its financial results for fiscal Q3 and is reporting several record-breaking metrics. Lenovo witnessed record pre-tax income of $246 million on earnings of $205 million for the quarter. Lenovo is also announcing record quarterly sales of $9.4 billion.

The Chinese computer maker shipped 14.1 million PCs, grabbing 15.9% of the global computer market (an increase of 7.9% compared to previous quarters). Lenovo made this impressive gain despite the fact that the overall computer market was down 7.8% year-over-year. This was the 15th quarter in a row that Lenovo was able to grow faster than the industry overall.
 
Lenovo also announced that as of December 31, 2012 it was sitting on net cash reserves of $4.2 billion.

IDC ranks Lenovo as the world's third largest smart connected device manufacturer including tablets, PCs, and smartphones.

"With the strong execution of our 'Protect and Attack' strategy, Lenovo has not only achieved record revenue, profit and global PC market share last quarter, but also our smartphone and tablet businesses have delivered hyper growth.  Even more, our worldwide tablet and China smartphone businesses have become profitable," said Yang Yuanqing, chairman and CEO, Lenovo Group.

Reuters reports that Lenovo is also set to make a significant push into the overseas smartphone market. The company is already the second largest smartphone vendor in its home country of China and currently sells smartphones in Russia, Indonesia, the Philippines, and Vietnam. Lenovo shipped 9.4 million phones in its quarter spanning October to December of 2012. Out of the 9.4 million shipped, 9 million of those were smartphones and were sold in China.
 
Lenovo was showing off its gorgeous 5.5” K900 “superphone” at CES, but unfortunately, that model (and Lenovo’s other smartphones) won’t be coming to the U.S. market anytime soon.

Sources: Lenovo, Reuters





"Mac OS X is like living in a farmhouse in the country with no locks, and Windows is living in a house with bars on the windows in the bad part of town." -- Charlie Miller



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




Latest Blog Posts
Around the World
Saimin Nidarson - Feb 18, 2017, 5:48 AM
News of Future
Saimin Nidarson - Feb 17, 2017, 6:30 AM
Some News
Saimin Nidarson - Feb 14, 2017, 5:36 AM
What's New?
Saimin Nidarson - Feb 10, 2017, 6:15 AM
Unleashed News
Saimin Nidarson - Feb 9, 2017, 6:00 AM
Eye catching news
Saimin Nidarson - Feb 8, 2017, 6:16 AM
Some World News
Saimin Nidarson - Feb 7, 2017, 6:15 AM
Today’s news
Saimin Nidarson - Feb 6, 2017, 10:11 AM
Some News
Saimin Nidarson - Feb 5, 2017, 7:27 AM
Notes and News
Saimin Nidarson - Feb 4, 2017, 5:53 AM
World News
Saimin Nidarson - Feb 3, 2017, 5:30 AM
Gadget News
Saimin Nidarson - Feb 2, 2017, 7:00 AM
News Around The World.
Saimin Nidarson - Feb 1, 2017, 7:20 AM
Some News
Saimin Nidarson - Jan 31, 2017, 7:57 AM
Tips of Today
Saimin Nidarson - Jan 30, 2017, 6:53 AM
What is new?
Saimin Nidarson - Jan 29, 2017, 6:26 AM






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