dcsimg

Lenovo's Profit Up 30%, Mobile Business Unit Continues to Grow

Download the authoritative guide: Cloud Computing 2018: Using the Cloud to Transform Your Business

SHARE
Share it on Twitter  
Share it on Facebook  
Share it on Google+
Share it on Linked in  
Email  

Computerworld: For the fiscal quarter that ended June 30, Chinese PC maker Lenovo said that its net profit totaled $141 million, a 30 percent year-over-year increase. Revenue reached $8 billion, a 35 percent year-over-year increase.

Lenovo is the number one supplier of PCs in the Chinese market, which is now the world's largest. Market researchers say that Lenovo is now the second largest PC vendor globally, but it trails HP's market share by less than 1 percent. If current trends continue, Lenovo could surpass HP later this year.

In addition to PCs, Lenovo also makes smartphones, tablets and smart TVs. Sales of those products increased 173 percent over last year.

Submit a Comment

Loading Comments...

NewsletterDATAMATION DAILY NEWSLETTER

SUBSCRIBE TO OUR IT MANAGEMENT NEWSLETTER