updated 08:53 am EST, Thu November 8, 2012
PC market share increases to above 15 percent
Lenovo has revealed that its broken a number of its own records in its quarterly results. The company's push to being the top computer manufacturer continues, with Lenovo hitting its highest-ever worldwide market share of 15.6 percent. PC shipments increased 10.3 percent, making this the 14th quarter in a row that the company has grown faster than the PC industry as a whole.
Pre-tax income hit $204 million, the company's highest ever, and the same can be said about the record quarterly sales of $8.7 billion, it being 11-percent higher than the same time last year. Net income for the second quarter is $162 million, an increase of 13 percent year-on-year, gross profit increased to $1.1 billion, while operating profit for the period rose 24 percent compared to last year, reaching $206 million.
Last month, Lenovo broke ground on a new production plant in North Carolina. The facility, expected to create around 115 jobs, will produce smartphones and tablets alongside computers, corresponds with the company's strategy of localizing production within major markets. The factory's first units are set to roll off the production line in early 2013.