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For the fifth consecutive quarter, Lenovo grew faster than any of the top five PC makers in the world, the company announced in its financial reported for its third fiscal quarter ended December 31, 2010. Lenovo claims to be doing particularly well in China, growing at three times the industry rate and grabbing a 32.2 percent share of the market, its highest ever. On a global scale, Lenovo's quick to point out a double-digit market share of 10.2 percent.
"The Board is satisfied with Lenovo’s performance in this quarter in all aspects of measurement. For the fifth consecutive quarter, Lenovo has continued to be the fastest growing among the top five PC manufacturers globally. Volume, revenue, cost and expense, and pre-tax-income targets were all delivered. The outstanding result indicates that the strategy of Protect-Attack and balanced development has shown its effect," said Lenovo Chairman Liu Chuanzhi.
Lenovo's shipments increased more than 20 percent year-over-year, much higher than the industry average of 3.4 percent. Sales for the third fiscal quarter jumped 22 percent year-over-year to $5.8 billion, resulting in a $648 million profit.
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