Lenovo Shows There’s Still Life Left In PC Sales

Despite a slew of bad news for the PC market, which set a record recently for the longest duration of decline in its history after five consecutive quarters of falling shipments according to Gartner, Chinese firm Lenovo’s latest financials show that there is still room for making money through selling PCs.

Looking at Lenovo’s fiscal Q1 results, the one huge milestone people will zoom in on is that the company’s combined sale units of smartphones and tablets surpassed PCs for the first time ever during the quarter and became the world’s fourth largest smartphone supplier.

However, look closely and you will see that it is laptops and PCs, not tablets and smartphones, that account for the largest slice of Lenovo’s $8.8 billion quarterly revenue.

It is true that even Lenovo has experienced a slight dip in PC revenue — it shipped 12.6 million units of its desktop PCs and consolidated sales decreased 2.8 percent

Article source: http://thenextweb.com/asia/2013/08/15/there-is-still-plenty-of-life-left-in-pc-sales-just-look-at-lenovo/

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