Lenovo eyes further PC, smartphone growth
Personal computer maker seen defying slump with record sales for quarter
For 15 consecutive quarters, Lenovo has managed to outpace the growth of the overall personal computer industry.
Lenovo saw its personal computer shipments in the quarter to December rise 8.2 per cent to a record 14 million units from 13 million a year earlier, according to preliminary estimates by market research firm Gartner.
That compared favourably against the 4.9 per cent drop in worldwide shipments to 90.4 million units in the same quarter.
At its fiscal third-quarter results announcement on Wednesday, Lenovo is expected to announce continued gains for its personal computer business. Its optimism defies a global slump in sales caused by the lingering economic slowdown and consumers' increased demand for media tablets.
"We're continuing to gain share and steadily improve our overall profitability, while outgrowing the market," Lenovo spokeswoman Angela Lee said.
Bernstein Research senior analyst Alberto Moel estimated Lenovo's net profit reached US$184.7 million on revenue of US$9.4 billion in the quarter to December. The company earned US$153.5 million on sales of US$8.4 billion a year earlier.