Lenovo profits beat expectations


(escort mersin) — Lenovo has witnessed rapid development in emerging marketplaces

Technology group Lenovo has published a much better-than-expected profit post sales in the smartphone division greater than bending

Internet profit was $253m (£168m) within the three several weeks to December in comparison to analyst predictions of the $200m profit

Revenue rose 31% to $141bn that was also greater than predictions for $137bn in sales

The organization bought Motorola and IBMs low-finish server unit this past year inside a bid to broaden past the PC business

Lenovos chairman and leader Yuanqing Yang stated the firm what food was in the beginning type of a brand new race because of the 2 multi-big purchases

The outcomes show we have the best strategy we made the best purchases so we performed well globally and so i am confident we will be ready to win Mr Yang stated inside a statement

Our core PC business maintained its leading position and additional enhanced profitability The 2 recently acquired companies are achieving great momentum within their first quarter of integration They’re certainly becoming our growth engines

Shares rose greater than 8% in Hong Kong following its earnings announcement

Lenovo may be the mobile phone industry’s greatest PC maker and it is latest results show elevated dominance with what is a diminishing market

The Beijing-based company stated it held an archive 20% from the PC market throughout the quarter with sales of $915bn

Additionally, it saw deliveries rise 5% in comparison to some 3% loss of the larger industry because of development in Eastern Europe

Nevertheless it was Lenovos smartphone division that demonstrated probably the most impressive results with total sales rising 109% to $339bn within the quarter

The United States brand offered greater than ten million mobile phone models throughout the quarter giving the combined firm a 66% share of the market it stated

Lenovos acquisition of Motorola has managed to get the mobile phone industry’s third-biggest smartphone maker