Featured Articles

IDC says PC market is rebounding

IDC says PC market is rebounding

Research firm IDC has published its latest report into the state of the PC market and while there are some signs…

More...
TSMC steps up development of 10nm process

TSMC steps up development of 10nm process

TSMC, the world’s biggest chip foundry for hire, has reportedly stepped up development of its 10nm manufacturing process.

More...
Broadwell 14nm desktop comes late in Q2 2015

Broadwell 14nm desktop comes late in Q2 2015

A while ago we mentioned that Broadwell won’t show up in the desktop space this year and we got it right.…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
EVGA GTX 780 Classified reviewed

EVGA GTX 780 Classified reviewed

The EVGA GTX 780 Classified has been dethroned as the company’s fastest non-Titan card following the introduction of the GTX 780…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 13 February 2014 11:54

Lenovo posts huge profits

Written by Nick Farrell



Higher laptop sales

Lenovo, the world's largest PC maker, has posted record third-quarter profit after selling shedloads of laptops and mobile devices in emerging markets. The Thinkpad maker said earnings rose 30 percent to $265million from a year earlier, beating analysts' estimates of $247million.

Revenues jumped by 15 per cent to a record $10.8billion again thanks to sales in China. It was not all good news though, the firm warned its future finances will be negatively impacted by its recent purchase of IBM's low-end server business and Motorola Mobility. Lenovo paid more than $5billion or nearly half of the company's market value to buy both businesses in January.

Lenovo said it would take up to five quarters - or more than a year - to turn around the Motorola business, which it bought from Google for $2.9bn. But the Chinese firm stressed that the acquisitions are all part of a longer-term strategy to move away from its reliance on PC sales and expand its presence in the server and smartphone sectors.

Lenovo said it shipped a record 32.6 million devices in the third quarter, or nearly five devices every second.

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