Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

Lenovo Profit Rises 34% on Avoiding PC Slump, Smartphones

January 30, 2013

Lenovo Group Ltd., the world's second-biggest maker of personal computers, reported a 34 percent jump in third-quarter profit after increasing its market share and boosting smartphone sales.

Net income climbed to $204.9 million in the three months ended Dec. 31, from $153.5 million a year earlier, the company said in a statement yesterday. Excluding a $19.9 million one- time gain, the figure was in line with analysts' estimates. Sales climbed 12 percent to $9.36 billion.

Lenovo's PC shipments rose 8 percent in the period, the only increase among the world's four biggest suppliers



Companies Mentioned:

More Suggested Content:

Dell logo
Dell May Go Private
January 15, 2013 From News
Dell is considering going private, according to a Reuters report Monday that sent the PC maker's stock soaring.
Winning With Windows 8
January 2013 From Dealerscope
How do you solve a problem like Windows 8?

A major advertising and marketing campaign for a major software release—from the major computer software company in the world, no less—receives little more than a lackluster response from consumers and businesses. So while retailers should approach Windows 8 and its associated hardware with caution, they may still eke out some gains by offering systems that have been specifically designed for the new operating system.

Unlike some previously disastrous introductions, such as Windows Vista and Windows Millennium Edition, there are no glaring flaws in the latest version of Microsoft’s operating system. Users haven’t been plagued by hardware compatibility issues as they have in the past, or faced with major software upgrades to make programs work with the new OS. And cost hasn’t been an obstacle. Microsoft offers an upgrade version of the software for just $40.


Click here to leave a comment...
Comment *
Most Recent Comments: