When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.

Lenovo posts record sales just as PC market shrinks

Though the PC market as a whole has been shrinking for a while now, some manufacturers are still doing better than others. Lenovo has just announced their results for the fiscal quarter that ended on March 31st and they have had a great quarter.

The manufacturer reports a 10.2% growth for its PC business compared to the same period last year. That amounts to a record of 52.4 million PC shipments during the last quarter which puts Lenovo at 15.5% of the global market share.

Revenue was also up four percent year-over-year at $7.8 billion, and the company saw a 90% increase in net profits; from $67 million to $127 million.

Lenovo is also actively expanding its “PC Plus” devices such as tablets and smartphones which, while less successful in the west, are gaining a lot of ground in the Asian markets. Lenovo now has 5.9% market share of Smart Connected Devices, which amounts to 3rd place.

Source: Lenovo Via: Techeye | Image via Lenovo

Report a problem with article
Next Article

Google engineer publicly discloses zero-day Windows exploit

Previous Article

HP refresh their laptops for 2013

Join the conversation!

Login or Sign Up to read and post a comment.

21 Comments - Add comment