Notebook sales lead Lenovo in Q1
Revenues solid in 'soft' economy
Lenovo said today that revenues were up 10 per cent during its fiscal first quarter, boosted by strong notebook sales and an expanding market in China.
The Beijing-based firm, which is the world's fourth biggest computer maker, reported net income of $110m for the quarter that ended June 30, up from $66.8m a year earlier. Revenues were $4.2bn, up from $3.9bn a year ago.
“Despite a softening global economy, we delivered solid gains in worldwide sales, PC shipments and profits, achieving our seventh consecutive quarter of profitable growth with positive operating results in our international business,” said Chairman Yang Yuanqing in a statement.
The notebook market continues to be Lenovo's biggest money maker. Notebook revenues grew 17 per cent to $2.4bn, contributing 57 per cent of total sales during the quarter.
Desktop sales increased only 3 per cent year-over-year to $1.7bn.
Lenovo continues to lead China's computer market with $1.7bn in sales during the quarter, up 22 per cent from last year. The Americas accounted for $1.1bn of sales. Europe, Middle East and Africa contributed $904m. Asia Pacific sales (excluding Greater China) totaled $497m.
The company told investors during its quarterly conference call that it believes joining as a worldwide partner for the Beijing Olympics will help better establish a world recognized brand.
"The global spotlight is shining on Lenovo, our products and our people," said CEO William Amelio.
According to IDC, Lenovo's share of global PC shipments fell slightly to 7.9 per cent of the total market during the quarter from 8 per cent a year earlier. ®
decent little notebooks too
I like the T61p sitting next to me. Powerful and tough, which are the major items on my wish list. Hardware FDE is a nice bonus.... I wasn't planning to fill it up with peoples personal details and leave it on a train or anything, but it's nice to know the option is there.
I much prefer it to the crappy, flakey Dell machines I am usually forced to use. And personally I'm not one of these 'small is better' notebook people, mainly as I'm not planning to use it whilst lying around on the beach in a bikini like the Asus girl....
Anyway, glad to see they are doing well with their ugly little offerings, rather them than one of these style-over-substance manufacturers everyone seems to worship.
I am writing this comment on the Lenovo Thinkpad I received this morning so I can attest to their chunkiness but it's a nice change from the poorly built, flacid Sony Vaio I owned for a month before returning it.
I'm always surprised when I hear Lenovo do well. Their laptops could make lethal weapons, going by their chunky "my first laptop" proportions!