Lenovo Now World’s Second-Largest PC Vendor, Money Train Keeps Rolling
For the year, Lenovo had sales of $29.6 billion (a 37% increase from 2010/2011), with a 54% jump in sales ($7.5 billion) in the fourth quarter alone. Those sales brought in pre-tax income of $582 million, which is a 63% percent increase over the previous year; net profits were up 73%.
These people are all probably getting raises
The company also saw shipments increase 34.9 percent year-over-year--compared to industry-wide growth of 3%--which nabbed Lenovo 12.9% of the market, making it the second-largest PC maker worldwide.
“With the emergence of multiple devices such as smartphones, tablets and smart TV, our industry is entering the PC + era. Lenovo is focused on leading the PC industry, and building upon that leadership in the PC+ era,” said Lenovo Chairman and CEO Yang Yuanqing (pictured, above right) in the press release.