PC maker Lenovo has reported its earnings for Q2, and there was plenty of good news: $8.7 billion in sales, a record high, a PC market share of 15.6 percent, it’s largest ever and operating profit of $206 million, 24 percent higher than the same period last year. The only bad news is that profit growth is slower than previous quarters, mostly due to Lenovo’s reaching into new markets like tablets, smartphones and connected TVs. for now however, Lenovo can claim the crown as world’s largest laptop PC maker, while desktop sales were also up five percent from last year. Its mobile internet division reported sales of $718 million, and is the second largest seller in China of smartphones and tablets. It’s also China’s number one PC vendor with sales outpacing the next four vendors combined and racked up double digit market share in the EMEA region for the first time. Check the press release after the break for all of the details, we’ll be back in a few months to find out how all that new Windows 8 hardware sold.
Continue reading Lenovo Q2 earnings reveal record high sales of $8.7 billion, highest-ever PC market share
Filed under: Cellphones, Desktops, Laptops, Tablets, Mobile, Lenovo
Lenovo Q2 earnings reveal record high sales of $8.7 billion, highest-ever PC market share originally appeared on Engadget on Thu, 08 Nov 2012 00:44:00 EDT. Please see our terms for use of feeds.
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