Friday, April 23, 2021

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

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.

Similar articles

Latest Articles

Top Cloud Service Providers...

Surveying the top cloud computing companies in 2021 goes way beyond AWS vs. Azure vs. Google. While those three are inarguable cloud leaders, the...

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...