Wednesday 21 May 2014

China's Lenovo sees 29% jump in full year net profit

                  Lenovo logo
The world's biggest PC maker maintains its status as market leader in the PC industry while seeking growth in the mobile market


The world's biggest personal computer maker has posted a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry.
Lenovo earned $817m (£485m) in net profit for the 12 months to March.
The company sold 55 million PCs during the year, extending its global market share to 17.7%, when the overall industry saw an 8% fall in PC sales.
Lenovo also sold 50 million smartphones and 9.2 million tablets.
The company's chairman and chief executive Yuanqing Yang said in a statement: "The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions."

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