Featured Articles

Nvidia Shield 2 shows up in AnTuTu

Nvidia Shield 2 shows up in AnTuTu

Nvidia’s original Shield console launched last summer to mixed reviews. It went on sale in the US and so far Nvidia…

More...
AMD CSO John Byrne talks ARM

AMD CSO John Byrne talks ARM

We had a chance to talk about AMD’s upcoming products with John Byrne, Chief Sales Officer, AMD. We covered a number…

More...
AMD Chief Sales Officer thinks GPU leadership is critical

AMD Chief Sales Officer thinks GPU leadership is critical

We had a chance to talk to John Byrne who spent the last two years as Senior Vice President and Chief…

More...
OpenPlus One $299 5.5-inch Full HD phone

OpenPlus One $299 5.5-inch Full HD phone

OnePlus is one of the few small companies that might disrupt the Android phone market, dominated by giant outfits like Samsung.…

More...
KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 GTX 780 Ti Hall Of Fame reviewed

KFA2 gained a lot of overclocking experience with the GTX 780 Hall of Fame (HOF), which we had a chance to…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 23 May 2013 09:34

Lenovo shrugs off PC downturn

Written by Nick Farrell



Making shedloads

Lenovo’s acquisitions in its flagship PC business, a move into mobile gadgets, and light debt load are setting it apart from PC rivals. While the rest of the PC world suffers, Lenovo posted on Thursday an estimate-beating 90 percent rise in quarterly profit.

The outfit has been buying several distributors in different regions such as Brazil, Europe and Japan over the past few years. Analysts think they are winning on better distribution, as well as gains in market share. The Chinese PC maker posted net profit of $126.9 million in the quarter ended in March, up from $66.8 million a year earlier.

That beat expectations of a $110 million net profit and was the fastest pace since the first quarter of the 2011/2012 fiscal year, when growth doubled. Lenovo is outstripping other vendors. HP, Dell, Acer and Asustek Computer fell by 11-33 percent during the same period.

The latest IDC data showed that Lenovo's market share was 15.3 percent, just 0.4 percentage points lower than HP. While Dell and HP have staged strong recoveries, Lenovo's quarterly net profit has risen consistently over the past few years.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

To be able to post comments please log-in with Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments