Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

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