Good Times Keep Rolling for Lenovo, Profits Jump 30 Percent in 2012

Paul Lilly

Lenovo's investors have to be loving life right about now. The OEM is on top of its game and kept the sales momentum going by announcing yet another strong quarter in which net income (profit) for the three month period ended June topped $141.1 million, up 30 percent year-over-year. Lenovo's PC consumer business in mature markets has more than quadrupled in mature markets since 2008, and the company nearly doubled its PC revenue in emerging markets outside of China, the OEM said.

"Growing share and profitability is hard in this market...but we DID IT!," Lenovo chairman and CEO Yang Yuanqing emphatically reported (PDF) in the company's latest financial statement.

Lenovo's sales figures totaled $8.01 billion, a 35 percent year-over-year jump compared to $5.92 billion in 2011, and a 7 percent increase sequentially. That actually fell "slightly below" what analysts were expecting according to a poll conducted by The Wall Street Journal , but the way things have been going for Lenovo, investors have little to complain about.

At a time when PC sales are slumping, Lenovo has figured out a way increase shipments across the board. Notebook sales were up 27 percent year-over-year, while desktop shipments experienced a 21 percent growth rate, Lenovo said.

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