Lenovo Group’s Profit Jumps, Beats Expectations

Published on November 7, 2013
by Juro Osawa

Chinese personal-computer maker Lenovo once again beat expectations, posting a 36 percent increase in its quarterly net profit, and struck a confident note about its prospects on robust tablet demand and recovering PC sales.

Lenovo’s solid results come amid lingering concerns about the PC industry’s future. Despite some signs of recovery, traditional PC makers are still struggling to sell their desktop and laptop computers. Lenovo, the world’s largest PC maker, managed to sell more PCs globally in the quarter, while increasing its average selling prices. Lenovo is also trying to stave off sluggish demand for PCs by expanding its smartphone business outside China.

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