Lenovo swings to $80 million profit in quarter

Posted: February 8, 2010 in Tech

Lenovo Group Ltd. said it swung to a third-quarter profit of $79.52 million, helped by strong growth in PC shipments to emerging markets, including China

Lenovo attributed its vastly improved results to strong PC sales in its home market of China, contributing to a worldwide PC shipments increase of 42% year-on-year. Laptop sales accounted for 63% of Lenovo’s overall revenue.

Lenovo’s PC shipments to the mainland jumped 41% in the quarter from a year earlier, lifting its share of the market 2.8 points to 33.5%, the biggest-ever by a single company.

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Comments
  1. Reza says:

    hi, nice article, thanks for sharing

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