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Lenovo posts record figures for the third quarter of 2012

Its 'best quarter ever'
Wed Jan 30 2013, 11:04

CHINESE COMPUTER MAKER Lenovo has posted record figures in its financial report for its fiscal third quarter of 2012, calling the three month period its "best quarter ever".

The firm claims that for 13 consecutive quarters it has been "the fastest growing major PC company" with its latest figures reporting a quarterly sales record of $9.4bn, a 12 percent year over year increase.

Lenovo's third quarter financial results also revealed an earnings record of $205m, up 34 percent compared to the same quarter last year.

Gross profit for Lenovo's third quarter also increased, showing a 15 percent year on year increase to $1.1bn, while the firm said operating profit for the third quarter was $243m, a 26 percent increase year on year.

"During the third fiscal quarter, [our] worldwide PC shipments grew 7.9 percent to an all time high of 15.9 percent market share, in a difficult market that was down 7.8 percent year on year," Lenovo said in its financial report. "This was the 15th quarter in a row [that] the Company grew faster than the industry."

Lenovo said its successful quarter was a result of building a strong consumer and mobile business globally, with the aim to "stay ahead of consumer demands, while driving speed, agility and innovation".

Lenovo's Ideapad Yoga series released late last year is probably partly responsible for the firm's success, as it became known for its unique laptop/tablet convertible design with a touchscreen display that spins 360 degrees on its axis, turning a laptop into a tablet. µ


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