Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
China-based Lenovo has reported its best quarterly earnings ever. It gained market share in the PC industry, and its smartphone business turned a profit for the first time.
InformationAge reported, “Lenovo has reported the most profitable financial quarter in its history, while outpacing Western rivals in revenue growth. The Chinese PC and phone manufacturer grew profit 34% year-on-year to $205 million in the final three months of 2012 – smashing analysts’ expectation of $178 million.”
The Wall Street Journal’s Paul Mozur added, “Though global demand for PCs is sagging, in recent years Lenovo has managed to take market share from competitors such as Hewlett-Packard Co. and Dell Inc across the globe as those companies increasingly focus on services and catering to businesses. In its fiscal third quarter, Lenovo continued to bolster sales of computers, while also improving on strong smartphone sales within China.”
Computerworld’s Michael Kan observed, “The Chinese company is within striking distance of overtaking rival Hewlett-Packard for the top spot as world’s largest PC maker. In the quarter, HP had a market share of 16.7%, according to preliminary results from research firm IDC. Lenovo was just one percentage point behind.”
The Verge’s Vlad Savov noted, “Traditionally strong in its native China, Lenovo is also managing to export its success to the all-important United States, where the company saw 11 percent growth year-on-year, in a market that fell 7 percent overall. It has now been a remarkable 15 quarters in a row where Lenovo’s growth has outpaced the industry overall.”
RELATED NEWS AND ANALYSIS
-
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
-
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
-
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
-
Top 10 AIOps Companies
FEATURE | By Samuel Greengard,
November 05, 2020
-
What is Text Analysis?
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
-
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
-
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
-
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
-
Top 10 Chatbot Platforms
FEATURE | By Cynthia Harvey,
October 07, 2020
-
Finding a Career Path in AI
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
-
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
-
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
-
Top 10 Machine Learning Companies 2020
FEATURE | By Cynthia Harvey,
September 22, 2020
-
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
-
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
-
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
-
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
-
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
-
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE | By Rob Enderle,
September 05, 2020
-
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020