Data out from tracking groups point to a slightly rosier picture of the PC market than expected in the first calendar quarter of 2014: Gartner estimates a Q1 decline of 1.7 percent in shipments of PCs; IDC estimates a 4.4 percent decline.
That IDC number bests its forecast of a 5.3 percent decline. Read More
After delivering an overachieving laptop, Lenovo has delivered financial results that also exceeded expectations, producing $8 billion in revenue and $141 million net profit. Those figures are up 35 and 30 percent respectively over last year, which the company has chalked up to a higher than ever market share of 15 percent. That growth came in part from a 59 percent sales bump in emerging markets like India and Brazil, on top of a 9 percent spurt in its home market — lifting the company 24 percent in world-wide PC shipments for the quarter. Lenovo has also become the second largest player in China’s smartphone market, after Samsung, now up to a 13 percent market share. CEO Yang Yuanqing also proclaimed that, unlike other Redmond partners, he wasn’t stressed about Microsoft’s Surface tablet — and that his company had “much better hardware” than the software giant.
Continue reading Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million
Filed under: Laptops, Tablet PCs
Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million originally appeared on Engadget on Thu, 16 Aug 2012 06:27:00 EDT. Please see our terms for use of feeds.
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