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Lenovo reveals record quarterly sales of $8.7bn

Laura Barnes
Lenovo reveals record quarterly sales of $8.7bn

Lenovo has released its earnings for Q2, revealing that the company saw record sales and its highest-ever PC market share.

Outgrowing the market in all geographies, Lenovo continued its push towards becoming the number one vendor in the PC industry, with record quarterly sales of $8.7 billion, an 11 percent increase year-over-year.

During Q2, Lenovo's worldwide PC shipments grew 10.3 per cent, in a difficult market that was down eight percent year-over-year, the 14th quarter in a row that the company has grown faster than the PC industry as a whole.

Despite the challenging environment, Lenovo achieved its highest-ever worldwide market share of 15.6 per cent.

"Our global PC market share reached another historic high, moving us closer to our dream of becoming the worldwide PC leader. With four years' effort, our Consumer PC business has become the world's number one in this segment for the first time. Our smartphone business in China, which we started only two years ago, has again strengthened its number two position," said Yang Yuanqing, chairman and CEO of Lenovo.

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Tags: PCs, Lenovo, market share, q2, Yang Yuanqing

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