Lenovo sees profits rise by 46 percent

Posted on Wednesday, May 23 2012 @ 21:25 CEST by Thomas De Maesschalck
Engadget reports Lenovo saw its profits increase by 46 percent last quarter, with shipments up 44 percent. Pretty impressive figures considering the PC industry as a whole grew just a couple of percentage points over the past year.
While the PC industry as a whole reportedly grew by a tight handful of percentage points over the past year, Lenovo has somehow managed to continue its long-running growth spurt, with shipments up 44 percent and operating profits up 46 percent. Sales of both laptop and desktop (including IdeaCentre all-in-ones) grew roughly equally, helped along by blossoming demand in emerging markets, while fledgling smartphones and tablets also proved popular in Lenovo's homeland.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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