Lenovo sees Q1 profits double and strong post pandemic PC growth

Revenue rose 27% to $16.9 billion from $13.3 billion a year earlier, also topping analyst expectations of $16 billion. However, he said Lenovo was helped by its unique hybrid supply chain model which sourced components externally and from in-house manufacturing. “Definitely, from now on, we will drive the profitable growth for this business,” he said. Lenovo extended its industry lead, shipping more than 20 million units for the third consecutive quarter to take 24.4% market share, compared with HP Inc with 22.6% and Dell with 17%, Canalys said. (Reporting by Brenda Goh; Additional reporting by Donny Kwok in Hong Kong; Editing by Kirsten Donovan, Christopher Cushing, Jane Wardell and Kim Coghill)Related article:

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