Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 15 August 2013 08:20

Lenovo makes shedloads more cash

Written by Nick Farrell

Recession, what recession?

While analysts claim that tablets have replaced PCs and other hardware makers are suffering, Lenovo is has recorded a forecast-beating 23 percent jump in profits. The result is the company’s second-best quarterly earnings figures and some of that is thanks to its push into smartphones and tablets.

Lenovo sped up a move into mobile devices and is the second largest smartphone vendor in China. It is also expanding into other emerging economies and has said it will start selling phones in the United States, perhaps this year. Lenovo, which toppled Hewlett-Packard Co in PC rankings this year, posted a net profit of $174 million in the quarter ended June, beating a consensus estimate of $166.0 million.

As sales of its LePhones and tablet PCs gain traction, margins are expected to improve and revenue from its mobile Internet and digital home (MIDH) unit is set to rise to 25 percent in its fiscal year ended March 2015 from 16 percent in the year ended March 2013, analysts have said.

Overall quarterly revenue for the ThinkPad maker rose 9.7 percent to $8.8 billion. Its gross profit margin for the quarter was up 0.5 percentage points from 13.1 percent a year earlier, it said in a statement on the Hong Kong stock exchange. Lenovo quickly gained market share in PCs on the back of a string of acquisitions and now it's developing its mobile business at an impressive pace.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments