Lenovo Q2 earnings reveal record high sales of $8.7 billion

Posted on Nov 8 2012 - 7:08am by Huzoor Bux

PC maker Lenovo has reported its earnings for Q2, and there was plenty of good news: $8.7 billion in sales, a record high, a PC market share of 15.6 percent, it’s largest ever and operating profit of $206 million, 24% higher than the same period last year. The only bad news is that profit growth is slower than previous quarters, mostly due to Lenovo’s reaching into new markets like tablets, smartphones and connected TVs. for now however, Lenovo can claim the crown as world’s largest laptop PC maker, while desktop sales were also up 5% from last year. Its mobile internet division reported sales of $718 million, and is the 2nd largest seller in China of smartphones and tablets. It’s also China’s number one PC vendor with sales outpacing the next 4 vendors combined and racked up double digit market share in the EMEA region for the 1st time.