Chinese PC manufacturer enjoys record quarter.
Chinese PC manufacturer Lenovo has announced its Q4 2012 earnings, which turned out to be its best quarter ever.
The company generated revenue of $9.4 billion, representing a 12 percent increase from 2011's fourth quarter. Profit, meanwhile, jumped by 34 percent year-over-year to $205 million. Gross profit for the quarter increased by 15 percent when compared to the same quarter in 2011 to $1.1 billion.
With 14.1 million PC shipments, Lenovo accounted for 15.8 percent of the global market. The Chinese manufacturer also shipped 800,000 tablets in the quarter ending on December 31, which is "almost an 80 percent year-to-year" growth, according to chairman and CEO Yang Yuanqing.
"We will continue to have hyper growth in smartphones and tablets," he added. Lenovo shipped 9.4 million handsets during the quarter, with 9 million being smartphones.
Its overall smartphone/tablet/smart TV business saw revenues increasing by 77 percent year over year. Elsewhere, it remains optimistic on Windows 8. "New technologies like Windows 8, ultrabooks, and convertibles will drive new demand. 2013 will be better than 2012," Yuanqing concluded.