Lenovo pulls in best-ever revenue of $7.8 billion for Q4 2012/13, record $34 billion for the year

Lenovo's just announced its Q4 and full year 2012/13 financial results, and it's touched new highs on the two most important indices. It earned $127 million on $7.8 billion in revenue for the quarter and $34 billion for the full year, both records for the company, while netting $635 million in profit for the full year -- another all-time high. The only sore spot for Q4 was Lenovo's laptop business, which dropped two percent over last year to $4.2 billion, but that's a far milder plummet than many PC makers saw -- thanks to a 74 percent revenue growth in China. Otherwise, desktop PCs held flat for the company at $2.4 billion during an otherwise down period, and it held firm as China's number two smartphone manufacturer, seeing shipments grow at 206 percent year-over-year, double the average rate. It remains to be seen if Lenovo can continue to buck the downward PC trend that's continued unabated with the release of Windows 8 -- but if not, maybe we'd finally see some of its smartphones over here.

Filed under: Cellphones, Desktops, Laptops, Lenovo

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Source: Business Wire

Source: http://www.engadget.com/2013/05/23/lenovo-pulls-in-best-ever-revenue-of-7-8-billion-for-q4-2012-13/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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