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Lenovo’s Q1 shows ‘record high’ market share, profits up 30 percent to $141 million

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DNP Lenovo Q3 results

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

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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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Lenovo beats PC market with 46 percent profit surge

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Yep, it's party-time in Beijing once again. While the PC industry as a whole reportedly grew by a tight handful of percentage points over the past year, Lenovo has somehow managed to continue its long-running growth spurt, with shipments up 44 percent and operating profits up 46 percent. Sales of both laptop and desktop (including IdeaCentre all-in-ones) grew roughly equally, helped along by blossoming demand in emerging markets, while fledgling smartphones and tablets also proved popular in Lenovo's homeland. The manufacturer reckons it's now second in command of the market behind HP, although it conveniently disregards Apple's iPad from its ranking.

Lenovo beats PC market with 46 percent profit surge originally appeared on Engadget on Wed, 23 May 2012 03:16:00 EDT. Please see our terms for use of feeds.

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HP reclaims top spot in PC sales, market as a whole climbs 21 percent

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Well, Apple's reign atop the list of the world's top PC makers was short lived. After clawing its way into the lead, if you counted the iPad as a PC, HP is back atop the heap -- even with Cupertino's tablet-inflated numbers. According to Canalys, the Palo Alto company shipped 15.8 million units in the first quarter of 2012, barely sneaking passed Apple by 40,000 computers. Of course, remove Apple's 11.8 million iPads, and it's not even a competition. Lenovo, Acer and Dell rounded out the top five, with the total market shooting up 21 percent over the same time last year. However, there is plenty of reason to believe we won't see client PC fly out the door at such an incredible rate. Amazingly, according to Canalys, tablets accounted for 40 percent of all PC shipments in the US. For more details check out the PR after the break.

Continue reading HP reclaims top spot in PC sales, market as a whole climbs 21 percent

HP reclaims top spot in PC sales, market as a whole climbs 21 percent originally appeared on Engadget on Tue, 01 May 2012 14:55:00 EDT. Please see our terms for use of feeds.

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