The pandemic sends Lenovo profit to record values

 


The Chinese giant said it has set new revenue and profit records where the company's three main businesses have grown.

Chinese group Lenovo, the world's largest maker of personal computers, posted higher-than-expected profit by continuing to take advantage of the new normalcy of remote work after the Covid-19.

The Chinese giant said it has set new revenue and profit records where the company's three main businesses have grown.

Lenovo reported 53% profit growth for the quarter which closed in September of $ 300 million, above analysts' forecast of $ 224 million.

The company’s revenue was 7% to $ 14.5 billion. According to the analytical firm Gartner, sales of personal computers increased by 3.6% during the period July-September.

It is the largest increase in the last 10 years. Lenovo strengthened its position with 25.7% of the market, ahead of HP and Dell which have 21.6% and 15.2% of the market respectively.