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Lenovo's Q1 profit grows 25 percent on PC, smartphone gains |
May 21, 2014
Lenovo’s net profit grew 25 percent year-over-year in the first quarter as the Chinese company continued to make gains in the PC and smartphone markets.During the period ended March 31, Lenovo’s net profit reached US$158 million, up from $127 million a year earlier. The company’s revenue also increased, by 19 percent to $9.4 billion.Lenovo has risen to become the world’s largest PC company, helped by sales in its home market of China. But the company is also focusing on tablets and smartphones to grow revenue. For the fourth straight quarter, Lenovo shipped more tablets and smartphones combined than it did PCs, the company reported on Wednesday. Its mobile devices business contributes 13 percent of company revenue.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2157700/lenovos-q1-profit-grows-25-percent-on-pc-smartphone-gains.html#tk.rss_all
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