Lenovo Doubles Q1 Profits, Is Now The World?s No.3 PC Vendor

Lenovo reported results for the first quarter of the fiscal year today, and in a nutshell, things are looking pretty good for the Chinese powerhouse. Quarterly sales soared 15% year-on-year to US$5.9 billion, while net income even ballooned from $54.9 to $108.8 million in the same time frame.

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