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Lenovo gains PC share, profit climbs 19%

by on06 November 2014



Beats expectations

Lenovo has managed to beat analyst forecasts once again, with hefty boost in net income and market share gains.

The PC giant reported a 19% increase in net income in the second fiscal quarter. Lenovo posted a profit of $262 million, up from $219 million in the same quarter last year. Revenue was up 7%, from $9.77 billion to $10.48 billion.

The company gained market share across the board. It now commands a 20% share in the PC market, making it the leading brand in the broader PC and tablet market.

In addition to strong PC sales, Lenovo also reported strong results in mobile. With shipments of 16.9 million units, the company is now the fourth largest smartphone maker in the world.

Last modified on 20 November 2014
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