Lenovo Net Jumps 25 Percent
China’s Lenovo Group Ltd., announcing its largest profit in two-and-a-half years, said Thursday it is making strong market-share gains in emerging markets, including China–which it forecasts will “soon” become the world’s top personal-computer market.
Lenovo’s net profit in its fiscal third quarter, which ended Dec. 31, was up 25% to $99.65 million, on $5.81 billion in revenue, thanks in part to lower component costs. Executives say they will focus on new products such as the Lepad tablet PC, due for release in China this quarter and overseas in June, and on expanding the company’s mobile-Internet business.
