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pany’s monetization of games, the timing of online ad recovery, fintech p
roduction traction, and progress in industrial internet and software development.yabo2018体育乌托邦品茶微信
Chinese tech heavyweight Lenovo Group Ltd saw its profit more than double in the quarter which ended in June, on the back of
a record high personal computer market share and strong performance in its internet data center business.yabo2018体育乌托邦
Its profit hit $162 million compared with an average estimate of $154 millio
n by nine analysts, according to data service provider Refinitiv. Its revenue rose to $yabo2018体育乌托邦
12.51 billion, marking year-on-year growth for the eighth consecutive quarter.
Yang Yuanqing, chairman of Lenovo, said the Beijing-based company has cemented its positiyabo2018体育乌托邦品茶微信
on as the world’s largest PC maker, grabbing a record 24.9 percent market share in the quarter.
“We have seen robust growth in market segments such as gaming PCs, and light
yabo2018体育乌托邦PCs, with related revenue jumping by about 30 percent year-on-year,” said Yang.
According to him, the company also performed quite well in Japan after it acquired a 5
1 percent stake in Japanese technology firm Fujitsu Ltd’s personal computer business.yabo2018体育乌托邦
“Our enhanced operational efficiency also contributed to our better profit
s,” Yang said. The company’s gross profit margin hit 16.4 percent in the quarter.
Lenovo’s strong performance came as global PC market rebounded from April toyabo2018体育乌托邦品茶微信
June. Year-on-year growth during the quarter reached 4.4 percent, which was nota
bly higher than expected as the easing of supply shortages combined with looming trade tensions which increased theyabo2018体育乌托邦
demand, according to data from the market research company International Data Corp.
“Supply for Intel’s processors improved markedly during the quarter, allowing most PC vendyabo2018体育乌托邦品茶微信
ors to fulfill old orders while also shipping a healthy supply of new PCs into the channels,” Jitesh Ub
rani, research manager for IDC’s Mobile Device Trackers, said in a research note.