Computer business Lenovo Group, Ltd. Recently reported it had experienced a net profit increase this past year of 177 percent in the third quarter.  This soaring profit for the computer business is thought to be due to its global demand for particularly laptop computers.  

Computer business Lenovo acquired IBM’s PC business for $1.25 billion a few years ago, but had yet to switch completely to its own Lenovo brand from IBM.  Because of the recent unexpectedly high profits, according to Lenovo’s CEO William Amelio, the computer business will switch entirely to the Lenovo brand two years ahead of time.

Lenovo is China’s Number 1 computer business and ranks third in the world.  Its profit posted was a net profit of $105.26 million in the second quarter ending September 30.  A month earlier, its net profit was $37.89 million.  Experts had predicted just $88 million for the computer business.

Blogged By:  Computer Consulting Kit