Friday 8 November 2013

Successfully Selling Smartphone, Lenovo's Profit Rises


Computer and smartphone manufacturers from China , Lenovo Group Ltd. reported a net profit in the third quarter . The increase in smartphone business contributed opinion and data server successfully offset the decline in PC sales .

The Company reported net income rose 36 % in the July-September period or exceed original projections . Lenovo said the company will make acquisitions in order to keep pace with business growth , especially in business computing that is expected to compete with IBM and Amazon.com .

Reuters sources said Lenovo was reportedly approached by BlackBerry that previously had to be sold .

According to research by IDC , Lenovo currently holds 17.3 % worldwide PC market IDC with net income of U.S. $ 219.7 million in the second quarter . Over the past three years , the performance of Lenovo's business grew by double digits . Second quarter of last year , Lenovo posted a profit of U.S. $ 162 million .

Lately , Lenovo aggressive in the market for smartphones and servers . This was done because of the decline in the PC market . " Given the strong financial position , Lenovo will actively seek inorganic growth opportunities that complement the organic growth strategy to accelerate expansion in the future , " Lenovo said in a statement .

In the first nine months of this year , sales of mobile phones accounted for 14 % of total company revenue , which reached U.S. $ 18.6 billion . Compare the income year ended March 2010 , when the new mobile revenue 0.5 % .

According to IDC , Lenovo now has become the world's fourth largest smartphone vendor , with a market share of 4.7 % . At least , there is a quarter of a billion smartphones Lenovo outstanding in the third quarter of 2013 .

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