The company Lenovo Group officially announced the results of its operations for the second fiscal quarter ended September 30th. According to the information given, the Chinese vendor revenue for the period was $ 10.5 billion, a seven percent increase over the same time interval in the past year. Moreover, net income increased even more dramatically – up to $ 262 million, which marks an increase of as much as 19 percent. This is explained by several factors.
One of the most important engines of growth for some time, Lenovo is selling smartphones, the supply of which, coupled with the tablets and PCs in the last quarter reached a record high of 35.6 million units. Moreover, it allowed the Chinese IT-giant escape into market leaders tablets and PCs, taking almost 20 percent in this segment. It is also reported that the board of directors of Lenovo joined Jerry Yang (Jerry Yang), known as the co-founder of Yahoo, which also says a lot.