Arab Today, arab today lenovo now leads most of world\s top markets
Last Updated : GMT 06:22:20
Arab Today, arab today
Arab Today, arab today

Lenovo now leads most of world\'s top markets

Arab Today, arab today

Arab Today, arab today Lenovo now leads most of world\'s top markets

Beijing - XINHUA

Lenovo Group Ltd, the world\'s largest PC maker by shipments, now leads five of the world\'s top seven PC markets, after adding Russia and Germany to its list, the company said on Thursday. Reporting record high quarterly sales of $8.7 billion, an 11 percent increase year-on-year, China\'s largest PC company also turned in a record pre-tax profit of $204 million in the three months to September. Yang Yuanqing, Lenovo chairman and chief executive officer, said the company will place a greater emphasis next year on making profits \"rather than grabbing more market share\", and aim to lift its pre-tax profit margin by at least one percentage point in three years\' time. Lenovo overtook HP in the third quarter to become the largest seller of personal computers measured by shipments, the IT research company company Gartner Inc said last month. Until the third quarter, HP had held the leading position since 2006. However, in seven large PC markets worldwide, the Chinese company said it now has five first places: at home in China, Japan, India, Russia and Germany. Lenovo was ranked a lowly 14th and held only a 0.7 percent market share in Russia, for instance, in 2008, but now its market share there has increased to 14.1 percent, making it the dominant player. Yang said that Lenovo, now the world\'s largest PC maker, is looking to expand its tablet PCs and smartphone businesses too. During the second quarter, Lenovo\'s worldwide PC shipments grew 10.3 percent and achieved the company\'s highest-ever worldwide market share of 15.6 percent. For the whole of fiscal 2011, Lenovo said it had $29.6 billion in sales, and had commanded 12.9 percent of the global market as the second-largest PC maker. Sales increased by 20 percent year-on-year in China in the same period, and sales in the Chinese market reached $3.9 billion, accounting for 44 percent of the company\'s worldwide sales. In China, Lenovo had a 34 percent share of the PC market, up 2.4 percentage points year-on-year, and shipments increased 8 percent year-on-year during the quarter. Its figures also reveal it sold about 8.6 million phones, of which a third were sold in overseas markets. Of those, 7 million units were smartphones and the company now holds about 11.4 percent of the Chinese smartphone market, according to the US-based IT research company International Data Corp. Wang Jiping, a senior analyst at IDC Asia-Pacific, said: \"Mobile Internet products sold fast in China in the first three quarters of this year. Annual smartphone shipments grew 143.2 percent compared with last year.\" Mobile Internet product sales in the quarter accounted for about 18 percent of Lenovo\'s domestic sales revenue, and grew 1.7 times compared with last year, to $676 million, said the company. Sales also increased 27 percent in Europe, the Middle East and Africa, which contributed about 21 percent of Lenovo\'s global revenues. Yang said the company will continue to make acquisitions to boost its growth in global markets, after buying Brazilian electronics maker CCE for $148 million, and US cloud computing firm Stoneware Inc this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lenovo now leads most of world\s top markets Arab Today, arab today lenovo now leads most of world\s top markets

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lenovo now leads most of world\s top markets Arab Today, arab today lenovo now leads most of world\s top markets

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday