Lenovo delivered the third strongest tax in China acquired shares the results of the quarter and rode the ThinkPad as updates of corporate PCs has continued.
The creator of PC delivered strong growth and maintained its global market share to 10.2%. Lenovo stored with market share of 12.7% in China. Meanwhile, Lenovo has continued to gain ground in emerging markets.
Lenovo's strategy is to protect its market share in China and in consolidated markets while aggressively pushing into emerging markets.
Here is a look at China's Lenovo.
And emerging markets.
The company reported fiscal third-quarter net income of $ 100 million, or 98 cents a share, on revenue of $ 5.8 billion, 22 percent a year ago. These results are in line with expectations. Yang Yuanqing, Lenovo CEO said the company was focused on building its global brand and face the market of mobile telephony. Yuanqing has also indicated that the corporate PC refresh cycle is expected to continue.
By the numbers:
Lenovo had $ 2.7 billion in the third quarter sales from China, 18 percent a year ago.Emerging markets accounted for $ 1.1 billion of sales, 34 percent a year ago.The United States accounted for $ 2 billion in the third quarter sales, 22 percent a year ago.Laptop accounted for 59 percent of the total sales of Lenovo Mobile Lenovo. had sales of $ 218 million. Lenovo added it past supply constraints for devices as LePhone.Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet sister site TechRepublic.
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