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Lenovo reports impressive Q2 2011 results

The Chinese manufacturer almost doubled its profits for the second quarter

While Acer has been struggling this year with their financial forecasts, Lenovo has been able to keep itself well in the black.

The Chinese manufacturer this Wednesday posted their Q2 2011 results, showing a net profit of $143.92 million. This is an 88 percent increase from the $76.59 million profit that Lenovo earned a year earlier. These results, according to Reuters, blew past profit forecasts from a number of analysts polled by Thomson Reuters.

The profit boon can be attributed to Lenovo’s growing presence in the rising Chinese market and other Asia-Pacific territories. Other top competitors, such as Dell, have a harder time cracking into Lenovo’s native provinces in comparison. As Lenovo had predicted in late September, the company surpassed Dell one month later to become the world’s second largest PC manufacturer in terms of shipment numbers as of Q3 2011. In fact, shipments grew by an astounding 36.1 percent from a year earlier, according to preliminary numbers from IDC and Gartner.

Still, Lenovo will be acting seemingly reserved due to the currently modest worldwide economic atmosphere. "Uncertainties over global economic recovery, the renewed deby crisis in Europe, and tablet PC cannibilzation of entry-level consumer PCs remain,” said Lenovo during its earnings stated as noted by Reuters.

Additionally, the recent floods in Thailand will reportedly damage HDD supplies in the near future. As the source claims, Thailand is one of the world’s largest HDD suppliers. Lenovo is expecting tight shipments of HDD components until at least the end of Q1 2012.

For the rest of the year, consumers can look forward to new Ultrabooks from Lenovo, specifically the 13.3-inch U300s that was revealed at this year’s IFA. The IdeaPad and ThinkPad tablets are already available.


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Allen Ngo, 2011-11- 2 (Update: 2012-05-26)