Lenovo Group's announced profits exceeded expectations, with personal computer shipments performing better than peers amid declining industry. Lenovo Group announced on Friday that quarterly net income as of the end of September increased by 44% to $0.3585 billion; the average estimate was $0.3433 billion. Revenue increased by 24% to $17.85 billion, also surpassing analysts' expectations. According to industry research institution IDC's data, Lenovo Group's quarterly personal computer shipments increased by 3% year-on-year, while competitors such as Dell and Apple saw a decrease in shipments. "Before entering the year-end shopping season, the market is taking a breather," said IDC vice president Bryan Ma.
联想净利润超预期 个人电脑出货量表现强于竞争对手
Lenovo's net income exceeded expectations, with personal computer shipments outperforming competitors.
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