Tuesday, March 5, 2024

Lenovo Reports $29.6B in Worldwide Sales Last Fiscal Year, 35 Percent PC Shipment Growth

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The Verge: For its fiscal year which ended March 31, Chinese PC maker Lenovo reported sales of $29.6 billion, a 37 percent increase from the previous year. Profit totaled $584 million. While overall PC industry shipments climbed just 3 percent for the year, Lenovo’s shipments increased 34.9 percent.

China plays a big role in the company’s success. Lenovo enjoys a 30 percent market share in the country, and China accounts for 39 percent of Lenovo’s sales.

The latest financial report makes Lenovo the world’s second largest PC maker, behind HP, with a 12.9 percent worldwide market share.

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