|
Get the ICT news from C114 delivered to your inbox everyday.
1 TD-SCDMA 5 Huawei 6 ZTE 7 Ericsson 10 Nortel 11 Nokia 12 Blackberry 13 Android 14 LTE 15 ASB 16 UTStarcom 17 MediaTek 18 WiFi 19 WCDMA 20 CDMA |
Lenovo reports 80 mln USD quarterly profit on strong sales
Updated:2010/2/5 13:36
Tags:
Lenovo Group., the world's fourth largest personal computer manufacturer, posted a net profit of 80 million U.S. dollars in its third fiscal quarter from Oct. 1 to Dec. 31, compared with a 97 million loss in the same period of 2008. The company attributed the growth to strong sales revenue, which increased 33 percent year on year to 4.8 billion U.S. dollars during the quarter, prompting its global market share to stand at 9 percent, according to its business report filed to the Hong Kong Stock Exchange Thursday. Its sales in China rocketed 45 percent year on year to 2.3 billion U.S. dollars, accounting for 47 percent of the total, thanks to a a brisk market boosted by the Chinese government's stimulus package. Domestic market share expanded 2.8 percentage points to 33.5 percent, setting the biggest quarterly increase in nine years, said the company. The company also benefited from consolidated PC sales in both emerging and mature market. By the end of December, total sales revenue in the emerging markets, including India, Russia, and the Middle East regions, totaled 857 million U.S. dollars, up 53 percent year on year. That for the mature markets, including West Europe, Japan and Australia, advanced 13 percent to 1.7 billion U.S dollars, according to the report. "The company will focus on the mobile Internet market this year while maintaining its competitiveness in the PC market," said Chief Executive Officer Yang Yuanqing. At Dec. 31, 2009, total assets of the group amounted to 9.3 billion U.S. dollars.
Source:Xinhua ,Lenovo expects better PC demand in second-half (2010-2-5) ,Lenovo completes buy-back of mobile unit (2010-2-2) ,Lenovo joins the bandwagon of ebooks with Tianji (2010-1-25) ,The Lenovo LePhone is expected to be released globally in the second half of 2010 (2010-1-25) ,Lenovo Says China Phone Business Unaffected by Google (2010-1-22) ,Lenovo Lephone Android smartphone revealed (2010-1-13) ,Lenovo ready for big mobile push (2010-1-8) ,Lenovo, Qualcomm team up on Skylight "smartbook" (2010-1-5) ,Chinese Wireless E-commerce Gets Boost With New Customized Mobile Phones (2009-12-21) ,Spreadtrum's TD-SCDMA Chip Adopted in the World's First 3G OPhone Lenovo O1 (2009-12-15) ,Lenovo to buy back original mobile division (2009-11-30) ,China's Taobao to launch handset with Lenovo Mobile (2009-11-27) ,Lenovo To Debut Android Based Smartbook (2009-11-27) |
Latest News
,Panasonic Raises Annual Operating Profit Forecast 25% ,Motorola Loses Patent Case Against RIM ,China Mobile dominates handset-based e-mail services in 4Q09 ,NTT Third-Quarter Profit Falls to 136.7 Billion Yen ,Intel Launches New vPro Platforms ,China Telecom cancels network interface card subsidy ,Lenovo reports 80 mln USD quarterly profit on strong sales ,SARFT issued the first batch of 3G video license ,TD-SCDMA Industry Alliance for the first time to attract overseas carriers to join ,Youku, Tudou ink video-swap agreement Hot News Review
,China builds world's largest mobile TV network ,Chinese equipment vendors lead domestic 3G market - analyst ,China is not only a market but a resource: Alcatel-Lucent CEO ,Huawei 2009 obtains biggest 3G equipment market share in China ,BSNL may invite fresh bids for buying GSM equipment ,SARFT Approves China Telecom to Increase IPTV Trial Cities ,ZTE Announces Forecast in the Performance Results ,ZTE to Build UMTS Network for COSMOTE Romania ,Alca-Lu exec: WiMAX has lost to LTE ,Alvarion, Alcatel-Lucent and Motorola are Top WiMAX Carriers |