Lenovo’s net income jumped to $162 million during the three months from July ’12- Sept ’12 as compared to $143.9 million during the same period a year earlier. The figures have surpassed the estimates made by eight analysts. According to the estimates, the earnings were expected to be $158.4 million.
During the last quarter, Lenovo came out to be the largest PC maker in the world accounting for the 15.7 percent of global PC shipments. Lenovo overtook Hewlett-Packard. Hewlett-Packard accounted for 15.5 percent of the market share. Lenovo experienced an overall increase in PC demand after the release of Microsoft’s new operating system, Windows 8.
Lenovo now wants to concentrate in the smartphone sector and establish their dominance over mobile devices. In addition to smartphones, Lenovo is also looking to expand its product line by introducing new tablets and Internet-ready TVs. Their target is to challenge the customer base of tech giants like Apple and Samsung.