PC sales up for Lenovo, though pace of profit growth slows

November 08, 2012

The overall PC market may be sluggish, but Lenovo still managed to boost sales during its just completed quarter. During the company’s fiscal second quarter ending on Sept. 30, Lenovo reported that its PC shipments grew year-over year by 10.3 percent. During the quarter, the Chinese company was named the world’s largest PC vendor by research firm Gartner. Research firm IDC, however, still ranks rival HP as the top PC vendor with a slight lead ahead of Lenovo. Lenovo is looking to stay ahead of the PC market with products like the IdeaPad Yoga 11, a Windows 8 tablet-laptop hybrid. Lenovo has consistently reported solid growth in its product shipments despite slowing growth in the PC industry, and competition from Apple’s iPad which has cut into sales of laptops. Lenovo has credited the growth in PC sales to its “protect and attack” strategy, with the company maintaining its dominant position in China’s PC market, while expanding into new emerging markets. In China alone, the company’s revenue reached $3.9 billion, accounting for 44 percent of Lenovo’s global sales. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2013657/pc-sales-up-for-lenovo-though-pace-of-profit-growth-slows.html