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Lenovo sees $54.9 million net distinction in Q1 gain, hits dual digits in tellurian marketplace share
Look out, universe — Lenovo’s upon a critical rip, and it doesn’t look to be stopping anytime shortly. In the company’s ultimate earnings inform, it proudly voiced the first-ever dual digital market share of 10.2 percent. As if that milestone wasn’t enough to have upper management grin, a outfit also nailed down just underneath $55 million in net income (a pre-tax income of $75 million) upon sales of $5.1 billion. This entertain additionally marks a third in a row that it has been the fastest growing of a top 5 PC makers, and a fifth consecutive quarter which it outgrew a industry. Specifically, a outfit’s PC shipments increased some 48.1 percent year-over-year, and combined sales for its fiscal Q1 saw an violent 49.6 percent uptick from final year. As of now, things have been looking mighty flushed for Lenovo, as well as it only seems judicious for the association to revive the Skylight in jubilee. Who’s with us?