Lenovo's growth momentum is still strong

In the fourth fiscal quarter ended on March 31, Lenovo Group, a Chinese technology giant, is expected to maintain stable earnings growth despite the severe decline in global PC market sales. According to IDC data from international data company, global PC sales in the first quarter of 2013 fell by 14%, the largest drop in nearly 20 years. However, Lenovo Group, the world's second-largest PC supplier, achieved revenue growth during the quarter.

According to statistics, Lenovo’s PC shipments in the first three months of this year totaled 11.7 million units, which represented a market share of 15%, which is similar to PC’s boss Hewlett-Packard.

It is reported that Lenovo will release its latest annual financial statements on the 23rd. According to Bernstein research company data, in the first three months of this year, Lenovo Group's revenue was 7.9 billion yuan, an increase of 5.3% over the previous year, of which net profit was 102 million yuan, an increase of 52% over the same period of last year.

Alberto Moel, a senior analyst at Bernstein Research, said that Lenovo’s revenue growth and profit expansion are mainly due to the expansion of its mobile phone business and operating profit in some emerging markets.

But Angela Lee, a spokesperson for Lenovo Group, said that Lenovo will still attach importance to competition in the traditional PC market and hopes to further expand its PC market share.