Lenovo's new fiscal quarter net gain 372 million mobile business into a new growth point

Source: Internet
Author: User
Keywords Growth New quarter
Tags .net business business into business mobile company double-digit global market global market share
South All news reporter Gao Lingyun Lenovo Group announced the day before June 30, 2010, the first quarter results. In the first quarter, Lenovo's global market share reached a double-digit double-digit level, at 10.2%. The company's total sales amounted to 5.147 billion U.S. dollars, an increase of 49.6%. Net profit of 55 million U.S. dollars (372 million) Lenovo group sales rose 49 in the quarter, 6%, gross margin of 10.2%, the same period last year for the loss of 16.01 million U.S. dollars.  Lenovo's high hopes for the new business mobile internet has also begun to contribute to the company's profits, smartphone music phone in the launch 1.5 months after sales of more than 100,000, the year to 1 million units. Lenovo's global market share peaked at 10.2% in the first quarter, according to earnings reports. achieved the annual goals set at the beginning of the year.  Global PC sales rose 48.1% year-on-year, and group sales rose 49.6% to 5.1 billion dollars year-on-year. In the first quarter, Lenovo operating profit of 82 million U.S. dollars, shareholders should account for the profit of 54.9 million U.S. dollars, a share of 0.54 cents earnings. Gross margin rose 38.6% to 523 million U.S. dollars, gross margin of 10.2%. Less than 11% in the same period last year, and less than 10.4% in the previous quarter.  CEO Yang said the drop in gross margins was caused by a shortage of LCD supplies; The CFO Wong that the high price of parts and the euro fell against the dollar in the first quarter, and that the idea product's gross profit margin was lower than the think series. Earnings also showed that Lenovo's cash reserves have continued to improve, to $2.2 billion trillion, the same period last year was 1.4 billion U.S. dollars, the main reason for the improvement is the rise in sales and cash flow performance. In the PC market, Lenovo's performance grew by 48%, more than 21% times the industry's growth rate, the Chairman said. The achievement of mobile Internet business will be based on the growth of PC, become the new growth point of company profit. This quarter is the first time the mobile business has contributed to the whole group since buying back the mobile business. The handset market share grew 0.9% to 4.9% year-on-year, ranking first among domestic brands. Mobile business sales of 182 million U.S. dollars, up 89% year-on-year.
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