Len­ovo look­ing to sell 150 mil­lion de­vices

China Daily (Canada) - - NEWSCAPSULE -

Len­ovo Group Ltd, the world’s largest maker of per­sonal com­put­ers, plans to sell 150 mil­lion de­vices in the fis­cal year that kicked off in April, chair­man and CEO Yang Yuan­qing said.

“We are seek­ing stronger growth in over­seas PC mar­kets, es­pe­cially among high-end cus­tomers,” Yang said. The Bei­jing­based com­pany sold 115 mil­lion prod­ucts glob­ally in the pre­vi­ous fis­cal year.

Len­ovo’s earn­ings grew 23 per­cent year-on-year to $214 mil­lion between April and June, ac­cord­ing to its fi­nan­cial re­sults. Quar­terly rev­enue to­taled $10.4 bil­lion, an 18 per­cent in­crease over the same pe­riod last year.

Yang told China Daily that Len­ovo is re­con­sid­er­ing its tablet busi­ness as the prod­uct’s high­end and low-end mar­ket shares have been eroded by lap­tops and large-screen phones. (Photo 2)

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