Raleigh - The benefits of China's largest computer manufacturer, Lenovo Group Ltd.., Exceeding previous predictions, after rising 25 percent during the third quarter. The increase in profit is due to the many consumers who exchange their old computers, as well as the PC component prices. Lenovo's net income increased to USD99, 7 million over the last three months of 2010. The year before, in the same period, Lenovo only earn USD79, 5 million. Lenovo's total revenue is far exceeding some analysts' estimates peg the figure only USD86, 1 million. Similarly, as reported by Business Review, on Thursday (02/17/2011). Lenovo has a larger market share than its rival, Acer Inc., after receiving more orders from business people in China, the U.S. and Europe. Most consumers want to buy a computer that runs with Windows 7 operating system in order to replace their old systems. Besides, Lenovo also has experienced increased sales in these markets are growing like Russia and India. "The company benefited from high demand in the commercial segment in the market," said Vincent Chen, an analyst with Yuanta Securites. Furthermore, he said, declining prices of components such as memory chips, will help to increase profit computer producers. The company is headquartered in Raleigh, North Carolina was responsible for 10.4 percent of the world's PC shipments during the last quarter. In fact, last year they only recorded 8.8 percent. Meanwhile, Hewlett-Packard Co.. which became the number one in its category market share has decreased from 20.2 percent to 19.5 percent. Acer gains, which are third, also down from 12.8 percent to 10.6 percent.
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