However, sales of the largest personal computer vendor in the world surpassed analysts’ estimates who expected revenue of $ 16.74 billion. For the entire first half of the year, sales fell by 2%, after adding only 0.2% in the first quarter.
But net profit for shareholders increased 6% year-on-year to $ 541 million.
IPhone sales delay. However, Apple’s sales and profits exceeded estimates
Mobile
Lenovo is facing a weakening of the PC market around the world. Global PC shipments fell 15% year-over-year in the third quarter, according to an IDC report. Lenovo, HP and Dell reported year-over-year shipments declines of 16, 28, and 21 percent, respectively. The Chinese company maintained its leading position in the world PC market with a share of 22.7%.
In recent years, Lenovo has worked to improve its business in areas other than computers. It focuses on smartphones, servers and IT services, which together now account for more than a third of its sales.
