Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 23 May 2013 09:34

Lenovo shrugs off PC downturn

Written by Nick Farrell



Making shedloads

Lenovo’s acquisitions in its flagship PC business, a move into mobile gadgets, and light debt load are setting it apart from PC rivals. While the rest of the PC world suffers, Lenovo posted on Thursday an estimate-beating 90 percent rise in quarterly profit.

The outfit has been buying several distributors in different regions such as Brazil, Europe and Japan over the past few years. Analysts think they are winning on better distribution, as well as gains in market share. The Chinese PC maker posted net profit of $126.9 million in the quarter ended in March, up from $66.8 million a year earlier.

That beat expectations of a $110 million net profit and was the fastest pace since the first quarter of the 2011/2012 fiscal year, when growth doubled. Lenovo is outstripping other vendors. HP, Dell, Acer and Asustek Computer fell by 11-33 percent during the same period.

The latest IDC data showed that Lenovo's market share was 15.3 percent, just 0.4 percentage points lower than HP. While Dell and HP have staged strong recoveries, Lenovo's quarterly net profit has risen consistently over the past few years.

Nick Farrell

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