Lenovo Topped Global PC Market in Q2
HONG KONG, Aug 16, 2013 (SinoCast Daily Business Beat via COMTEX) --
Lenovo Group Ltd. (SEHK: 0992) overtook US-based Hewlett-Packard (HP) to become the biggest PC maker in the world in the second quarter of this year.
The Chinese IT giant released financial results for the quarter on August 15 and according to the results, the aggregate sales reached about USD 8.79 billion, up 9.71 percent year on year. The net profit hit USD 174 million, representing a yearly rise of 23.04 percent. In detail, the revenue from notebook computer business was about USD 4.54 billion, inching up by 4.71 percent, while that from desktop computer business hit about USD 2.47 billion, dropping 2.78 percent. The figure from mobile Internet and digital family products, including smartphones, touched about USD 1.2 billion, surging up by 104.86 percent.
It stressed that it had embraced a growth for 15 consecutive quarters and driven by strong demand in the domestic market, it saw the sales volume of smartphones in the global market increase by over 130 percent to 11.4 million units in the quarter. Actually, it had edged into the top global four smartphone makers list by the end of March this year. In the meantime, it witnessed the sales volume of tablet PCs surge up by more than three times to 1.5 million units, becoming the fifth-biggest tablet PC maker globally. Notably, it topped the global PC market, with share rising 1.7 percentage points from the previous year. Actually, data unveiled by both IDC and Gartner, two market research firms, as early as July 11 this year shows that it had overtaken HP to become the biggest PC maker around the globe with share of 16.7 percent.
It reiterated that the revenue reaped in the Chinese market in the quarter reached about USD 3.72 billion, up 5.64 percent from a year earlier and accounting for 42 percent of the total. The pre-tax profit was USD 194 million, up 20.29 percent. It mainly attributed the revenue growth to increased sales volume of both smartphone and tablet PC products.
The Hong Kong-listed firm attached more importance to smartphone business in recent years and so far, it has seized about 13 percent share in the domestic smartphone sector, compared to 11 percent in 2012 and 4.1 percent in 2011. And in line with industry observers, provided that it continues strengthening the tie with the top three Chinese telecom operators and attaching more importance to tapping market, there will be possibility for it to overtake South Korean electronics giant Samsung Electronics to become the biggest smartphone maker in the sector.
(USD 1 = CNY 6.11)
Source: www.cnstock.com (August 16, 2013)
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