Featured Articles

LG G Watch R ships in two weeks

LG G Watch R ships in two weeks

The LG G Watch R, the first Android Wear watch with a truly round face, is coming soon and judging by…

More...
LG unveils NUCLUN big.LITTLE SoC

LG unveils NUCLUN big.LITTLE SoC

LG has officially announced its first smartphone SoC, the NUCLUN, formerly known as the Odin.

More...
Microsoft moves 2.4 million Xbox Ones

Microsoft moves 2.4 million Xbox Ones

Microsoft has announced that it move 2.4 million consoles in fiscal year 2015 Q1. The announcement came with the latest financial…

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.
Wednesday, 30 January 2013 14:41

Lenovo hits record $205m Q3 profit

Written by Fuad Abazovic



Tablets and phones in China profitable


Lenovo is apparently doing fine as it has proclaimed itself the fastest growing PC maker for the last 13 quarters and with the record net announced in Lenovo’s fiscal Q3 2012 report, one can only conclude that things are looking up for the Chinese giant.

Lenovo finished its third quarter on December 31st 2012 and saw a $205 million net profit on top of $9.4 billion sales. This is 12 percent better than the year before, while third quarter profit is 34 percent better than a year before. Gross profit increased 15 percent year-on-year to $1.1 billion, while operating profit climbed 26 percent to US $243 million.

Despite being famous for its business PCs and notebooks, including the legendary ThinkPad, it turns out that Lenovo made a lot of money from worldwide tablet sales and smartphone sales in China. Lenovo thinks we are in a PC plus era rather than post PC era, and it is jumping on the mobile bandwagon. Selling PCs, notebooks, tablets and phones seems to be a very profitable combination for the company.

In the meantime Lenovo is working to restructure into two groups, the Lenovo Business Group and Think Business Group, where the first should cover mainstream products, while the latter should focus on the high-end segment of the market.

Lenovo obviously benefitted from the fact that Dell did not do all that well and the same goes for other competitors, who failed to adapt to recent changes in the market. However, back at CES 2013 we had a chance to see some impressive convertible designs form Lenovo including many Yoga, Thinkpad Helix notebooks that are actually better described as convertibles. They can be both tablet and notebooks and you can find some details about them here. Lenovo is still trying to innovate and reinvent itself, and for the first time its efforts in the tablet and smartphone space are starting to pay off.


Last modified on Wednesday, 30 January 2013 14:51

Fuad Abazovic

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