Chinese tech giant Lenovo has reported that in the 2013/2014 fiscal year they made a net profit of 817 million USD, a 28.7 percent increase year-on-year. They also announced a whopping 38.7 billion revenue which is a 14.3 percent increase in the same period.
Lenovo’s CEO, Yang Yuanqing spoke to press after the announcement and said that the firm hopes to have the biggest market share within 24 months. Apple currently owns that right with 16 percent, while Lenovo isn’t far behind with 12 percent. Not an impossible task for the fast rising Beijing-based company.
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Keywords: Lenovo Reports Net Profit Increase of 28.7%
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How is it that the world applauds rich big companies when they proclaim - proudly - that they have again succeeded in taking even more money from the general population - you/us - and expanded their own private coffers with said profits? I was hoping that we would be nearing a time when it is not the profit that counted, but the happy, well paid workers employed and the excellent product distributed with reasonable profits! Just daydreaming . . .
May 28, 2014 21:12 Report Abuse
China is no place for commies like you, go back to France or Germany.
May 28, 2014 22:04 Report Abuse
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