Lenovo results beat forecasts
LENOVO Group, the world’s second-biggest PC maker, this morning posted a 54 per cent rise in third-quarter net profit, beating expectations.
But growth at Hong Kong-listed Lenovo slowed for a third straight quarter on weak global PC demand and a shortage of components.
The firm, which last year edged out Dell to rank behind market leader Hewlett Packard in PC sales, reported a net profit of $153.46m (£97.1m) for the three months ended December, up from $99.65m a year earlier.
The company has been diversifying into smartphones and tablet PCs with its LePhone and LePad devices.