Did you know that Lenovo had planned to become the world’s biggest PC and tablet maker by the end of 2016? It turns out that the company’s achievement was even greater than its ambition, since the milestone has been reached six financial quarters early. In Lenovo’s latest earnings release, the company trumps its new status as king of the PC (and tablet) world, having made a healthy $262 million net profit for the three months between July and September. Some of the highlights include a big upswing in tablet and smartphone sales, as well as a big boost from the enterprise businesses its keeps buying from IBM. At the same time, Lenovo has decided to add Yahoo co-founder (and current Alibaba board member) Jerry Yang to its board, because that’s the sort of thing a company does when it’s making serious bank.
Filed under: Lenovo
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Via: Reuters
Source: Lenovo, (2)