Frbiz.com reports Lenovo is expected to turn around the third quarter

"Whether from domestic or foreign point of view, Lenovo are going through a phase of vigorous development." In yesterday's Lenovo Business Technology Forum, Lenovo Group vice president and general manager of China Xia said in the interview with this reporter, Lenovo The new quarter, the Group's quarterly upcoming November 5, with the economic recovery and the entire industry, warming, Lenovo Group is expected to end three consecutive quarters of losses, is expected to be profitable.

Capable of reaching the lost return on investment losses

Xia said that the new management team to develop a clear strategy; overall business point of a breakthrough in the election have an effect, particularly in consumer products in emerging market development, as well as the stable development of China's headquarters market, three factors make the situation turns for the better Lenovo business .

In addition to favorable situation on the main business, Lenovo Group, the investment earnings in the secondary market also stand to benefit. HKEx published a notice shows that Lenovo Group following the previous quarter, after selling the stock Kingsoft, in August and September to continue to sell Kingsoft, thus, in the third quarter through the stock market to cash in 80 million yuan or so, only this part of the Basic with the previous quarter, offset by a loss of 16 million U.S. dollars the amount of very little. As a result, three quarters of consistent profitability is almost a foregone conclusion.

Xia said the market demand for home appliances to the countryside beyond the imagination, offer products in a row, on July -9 out of stock, and the rural market showed continued growth. At present, the countryside desktop appliance company's consumer business accounted for about 30% of desktop machines -40%.

Signs of recovery in the global PC industry is

Recently, the international research institutions IDC report shows PC industry is in a state of recovery. According to IDC, worldwide PC shipments in the third quarter, about 78.1 million units, an increase of 2.3%, in addition to shipments outside of Japan met or exceeded expectations. The first two quarters of this year, global PC shipments fall year on year, IDC had expected to fall 2.9% in the third quarter.

On the changes in market share, IDC data show that the global PC market, Hewlett-Packard account for 20.2% of the share, compared with same period last year, 1.3 percentage points; Acer's market share of more than Dell, from 11.4% to 14%; Lenovo Group, the global share of 8.9%, 8.6% in the previous quarter also increased.

Acer, Intel and other industry manufacturers have profit "good news", such as Acer Chinese data show that third-quarter consolidated revenue is expected to reach 5.19 billion U.S. dollars, growth of 40% year on year increase of 5%, net profit is expected to reach 146 million-US yuan, two financial indicators are expected to record high.

For the return of A shares of Lenovo Group, Xia said the company has been such a wish, it has been doing, but what specifically what time the program is currently an undisclosed amount.

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