Latest in Earnings

Image credit:

Lenovo pulls in best-ever revenue of $7.8 billion for Q4 2012/13, record $34 billion for the year


Lenovo's just announced its Q4 and full year 2012/13 financial results, and it's touched new highs on the two most important indices. It earned $127 million on $7.8 billion in revenue for the quarter and $34 billion for the full year, both records for the company, while netting $635 million in profit for the full year -- another all-time high. The only sore spot for Q4 was Lenovo's laptop business, which dropped two percent over last year to $4.2 billion, but that's a far milder plummet than many PC makers saw -- thanks to a 74 percent revenue growth in China. Otherwise, desktop PCs held flat for the company at $2.4 billion during an otherwise down period, and it held firm as China's number two smartphone manufacturer, seeing shipments grow at 206 percent year-over-year, double the average rate. It remains to be seen if Lenovo can continue to buck the downward PC trend that's continued unabated with the release of Windows 8 -- but if not, maybe we'd finally see some of its smartphones over here.

From around the web

ear iconeye icontext filevr