The quarterly earnings stats just keep rolling in today -- this time, from Lenovo, which has just posted
yet another stellar report. According to the company, profits for the second quarter of this year reached $145 million, marking an 89 percent increase over the same period last year. Consolidated sales, meanwhile, rose by 35.8 percent to a record $7.8 billion, giving Lenovo a worldwide quarterly market share of 13.5 percent, also its highest ever. Laptops, not surprisingly, were at the forefront of this surge, accounting for 57.5 percent of the company's total revenue, with PC shipments rising 35.4 percent over the year. Lenovo also saw a 25.4 percent increase in shipments to China, as well as a 54.5 percent year-over-year increase in shipments to mature markets, including Western Europe and the US. For more statistical delights, check out the full PR, after the break.
Continue reading Lenovo posts Q2 earnings, sees increase in profits, shipments and market share
Lenovo posts Q2 earnings, sees increase in profits, shipments and market share originally appeared on Engadget on Wed, 02 Nov 2011 04:56:00 EDT. Please see our terms for use of feeds.
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