Investing
Lenovo: PCs Still Selling In China (DELL)(HPQ)
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No wonder Dell (DELL) and Hewlett-Packard (HPQ) wish they had higher market shares in China. While sales are slowing in the US, big China-based PC firm Lenovo says its revenue and earnings are moving up fine, despite a slowdown in America.
The company reported profit for the three months ending June 30 was $110 million, or $1.25 per share.. Sales rose 10 percent to $4.2 billion.
According to Reuters, Lenovo attributed the good times to "strong sales in China and emerging economies offset weakness in the United States."
Douglas A. McIntyre
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