PC sales up for Lenovo, though pace of profit growth slows - olsongrins1936
The gross Microcomputer market may follow sluggish, but Lenovo noneffervescent managed to hike up sales during its sportsmanlike completed after part.
During the company's fiscal second billet ending on Sept. 30, Lenovo reported that its PC shipments grew class-complete year by 10.3 percent. During the tail, the Chinese companionship was named the world's largest PC seller away research firm Gartner. Search firm IDC, however, still ranks competitor Horsepower as the top PC vendor with a slight lead ahead of Lenovo.
Lenovo has systematically reported solid growth in its product shipments despite deceleration development in the PC diligence, and competition from Apple's iPad which has cut into sales of laptops. Lenovo has credited the growth in Personal computer gross sales to its "protect and attack" strategy, with the company maintaining its dominant position in China's PC food market, while expanding into virgin emerging markets. In China alone, the company's revenue reached $3.9 billion, accountancy for 44 percent of Lenovo's global sales.
That's helped Lenovo increase its net profit for the bit fourth past 13 percent year-over-year. Quiet, that marks a shift from the sharp net income growth the company has previously seen.
For the financial second quarter ending on Sept. 30, Lenovo's net profit reached $162 one thousand thousand. Revenue for the stern was a phonograph record $8.7 billion, a year-over-year increase of 11 percent.
In its business first quarter, Lenovo reported 30 percent year-on-year increment in clear profit. Last twelvemonth, the company saw profit ontogeny almost double year-over-year in some quarters.
Additionally to increased PC sales, the caller also saw ontogenesis in its Mobile Internet Digital Home group, which sells smartphones. The business grouping proverb revenue reach $718 million in the stern, up 155 percent from the same quarter last year. In Mainland China, Lenovo's smartphone shipments reached second base, behind Samsung, accordant to research firm Canalys.
Lenovo declared during the quarter it would begin selling smartphones in Indonesia, Philippines, Vietnam and India. Microsoft's Windows 8, which was formally launched only two weeks agone, could as wel help grow PC sales.
Source: https://www.pcworld.com/article/455591/pc-sales-up-for-lenovo-though-pace-of-profit-growth-slows.html
Posted by: olsongrins1936.blogspot.com
0 Response to "PC sales up for Lenovo, though pace of profit growth slows - olsongrins1936"
Post a Comment