Lenovo growth outpaces PC market again


Lenovo growth outpaces PC market again

Alex Scroxton

Lenovo has proven once again that it seems to have hit on a secret formula for growing PC sales, after powering to record full-year numbers and booking quarterly sales growth of 54%, making it the fastest growing 'top four' PC vendor for the 10th quarter on the trot.

The firm booked full-year sales of $29.6bn (£18.8bn) and pre-tax profit of $582m, up 37% and 63% respectively on fiscal 2011, while fourth quarter sales came in at $7.5bn and pre-tax profit of $102m was up 69% year-on-year.

With shipments of its PCs up 34.9% for the full-year, compared to an overall industry growth rate of just 3% in the same period, Lenovo again talked up its 'protect and attack' strategy.

The firm reported strong marketshare gains, mostly thanks to its acquisition of German PC builder Medion last summer, in western Europe, which forms part of its Mature Markets segment. Overall, Mature Markets contributed $3.4bn to the company coffers during the last quarter of the year.

Broken out by product, Lenovo revealed its laptop PC business grew 41% in Q4 to $4.2bn, accounting for 56% of its overall sales. Desktop sales were up 45% to $2.4bn.

Chairman and CEO Yang Yuanqing said the firm was focused on "leading the PC industry and building upon that leadership" as smartphones and tablet devices continue to build momentum in the mainstream market.


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