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Lenovo Reports Impressive Q3 Results

Adam Grant


Published: 02/09/2012 10:49:52 AM EST in PC & Networking

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Lenovo Reports Impressive Q3 Results

Lenovo Group has reported its Q3 results for the period ended Decemeber 31, and put forth some rather solid numbers.

The company experienced a net profit of US$153 million, which is a 54% increase over the US$99.7 million that it achieved in Q3 2010. Revenue also jumped up 44% to US$8.4 billion. Additionally, its mature market revenues increased 81% to US$3.6 billion. This is a 13% increase year-over-year.

Lenovo has also stated that it reached new highs in its market share percentages, as it has reached 14% in the global market category, and 35.3% in the Chinese market.

A lot of these strong figures can be attributed to Lenovo's worldwide PC business, as consolidated sales of the company's laptops totaled US$4.5 billion, a 30% year-over-year jump. Desktop units experienced a 32% year-over-year growth.

At CES 2012, Marketnews caught up with Lenovo to check out its forthcoming IdeaPad Yoga. Check out the video below to see a presentation of the product.





Article Tags:  market, billion, lenovo, reached, million, company, experienced, increase,

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Lenovo Reports Impressive Q3 Results








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