Lenovo’s Net Profit Nearly Doubles

Lenovo Group Ltd.’s fiscal first-quarter net profit nearly doubled because of strong growth in personal-computer shipments, and the Chinese computer maker said it expects continued growth in commercial PC demand and in its core home market.

The results come as PC makers benefit from a wave of companies upgrading their computer hardware. Lenovo has also benefited from business in China and other emerging markets, where demand is outperforming a weak consumer segment in the U.S. and other developed markets.

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