Lenovo records 29% jump in full year earnings

Image
ANI Washington
Last Updated : May 22 2014 | 3:01 PM IST

The world's biggest computer maker Lenovo has jumped 29 percent in its full-year earnings, bagging a net profit of 817 million dollars.

According to The BBC, the company sold 55 million PCs during the year, extending its global market share to 17.7 percent, when the overall industry saw an 8 percent fall in PC sales.

In addition to PCs, Lenovo also sold nearly 50 million smartphones and around 9.2 million tablets.

Lenovo's chairman and chief executive Yuanqing Yang said that they have proved the company can grow and deliver its commitment whatever the market conditions are.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2014 | 2:47 PM IST

Next Story