Lenovo reported its first-quarter results in September
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Lenovo Group declared results for its first quarter ended June 30, 2011 and for the seventh successive quarter.
Lenovo grew faster than any of the top five PC manufacturers helping the Company to become the world’s third largest PC vendor in total shipments.
Lenovo’s worldwide PC shipments grew 23.1 percent year-over-year.
Comparatively, industry PC shipments increased just 2.7 percent globally for the same period marking the ninth quarter in a row.
China's Lenovo in its first quarter result report reported that the first quarter profit for Lenovo had jumped nearly two thirds though the Lenovo mobile arm had recorded a loss.
There is a 3 billion plan to buy Motorola in Lenovo's bid to tower the computer devices market.
Lenovo also reported that profit had increased to 64 percent from the last quarter which recorded a loss.