Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

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

 

Facebook activity

Latest Commented Articles

Recent Comments