Investing
Lenovo Get Stronger: Hewlett Packard (HPQ) And Dell (DELL) Get A Challenge
Published:
Lenovo, the world’s third largest PC company increased profits in is last quarter by 13x. And, operations in the US were profitable. Lenovo’s net rose to almost $67 million. Revenue was up 13% to almost $4 billion.
Lenovo now has over 8% of the global PC market and its shipments rose over 22% last quarter.
The news will not exactly be welcome at Dell (DELL). It is now No.2 in global sales and as it tries to expand in overseas markets like China it is meeting stronger competition. In the US, firms like Lenovo, Acer, and Toshiba see a huge market where they must have success to drive up their global revenue and earnings.
Not a fabulous time for Dell to be engineering a turnaround.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
