According to media reports, China’s largest PC maker Lenovo announced Thursday the company’s first quarter report. Lenovo filing shows by the introduction of low-cost products and improve marketing,Lenovo e680 Battery sales promotion expenses to promote Lenovo’s first quarter results fell short of expectations.
As of June 30 in the first quarter, Lenovo’s net profit to 54.9 million U.S. dollars, 0.54 cents per share. Lenovo’s net loss for the same period last year 16 million U.S. dollars, loss of 0.18 cents a share. Lenovo’s first quarter revenue of 5.15 billion U.S. dollars, up by 50%. Lenovo’s first-quarter results fell short of expectations. Bloomberg’s survey data,Lenovo Thinkpad x60 Tablet Pc Series Battery market analysts had on average expected the first quarter, Lenovo’s net profit for the 59.8 million U.S. dollars.
For the same HP, Acer competitors in India, Russia to compete in emerging markets, Lenovo Thinkpad attention from high-end notebook products to the low-end products. At the same time, as the PC market, Ibm Asm 12j2464 Battery growing competition, Lenovo is to increase marketing spending to improve the mobile phone business sales. Brokerage DBS Vickers analyst Steven Zhang in a report that "Lenovo is giving up short-term profits for market share."
Lenovo’s shares Wednesday fell 0.6% in the Hong Kong Stock Exchange, to close at 4.79 Hong Kong dollars. This year, Lenovo’s stock fell 1.4%, Hong Kong Hang Seng Index over the same period a cumulative decrease of 3.9%.
Lenovo said the company’s first quarter, revenue from China grew by 50% to 2.51 billion U.S. dollars, accounting for 49% of the company’s total revenue. From emerging markets department (including India, Brazil, Ibm Thinkpad i1500 Battery and Russia) revenue grew 80% to 821 million U.S. dollars. Lenovo said in May this year, the company will sell a price of 249 U.S. dollars from the new desktop. Prior to this, in April this year, Lenovo has introduced a price of USD 379 laptop. Lenovo launched in the past often priced more than 500 U.S. dollars a Thinkpad laptop.
Lenovo said the company’s R & D spending the first quarter rose 56%. Lenovo began in May this year, sales of music in China Phone smart phones.
August 18, 2010
Lenovo’s first quarter net profit of 54.9 million U.S. dollars less than market expectations
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