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

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