Substantial Increase in Sales for Lenovo
Lenovo notebooks are just flying off the shelves this quarter. Lenovo’s report for their second fiscal quarter states that there has been substantial growth in the sales of their PCs, allowing them to have a small profit increase and a large revenue increase. The company reported $5.8 billion in consolidated sales, a 41 percent year-over-year increase, and a profit of $77 million, which is a 45 percent increase from the same period in 2009. On a worldwide basis, Lenvo said that their PC sales have increased by 33 percent. Lenovo chairman Liu Chuanzhi said, “Lenovo continued to deliver excellent results, highlighting the balance in ourRead More →