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Lenovo posts $16 million quarterly loss

Discussion in 'TechSpot News and Comments' started by Matthew, Aug 6, 2009.

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  1. Matthew TechSpot Editor, Community Manager

    Lenovo has joined a laundry list of companies who have experienced dwindling revenue, posting a $16 million quarterly loss today. Despite a weak global demand, the company still reported growth in market share. Its loss during the quarter ending June 30 translates to $.18 per share, which compares to its $110 million profit only one year ago. Sales tumbled 17.9% from last year to $3.5 billion.

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    Matthew, Aug 6, 2009
    #1

  2. Route44 TechSpot Ambassador

    A shame considering they make good products and I love their T Series models. Wish Icould afford one. :(
    Route44, Aug 6, 2009
    #2

  3. TomSEA TechSpot Chancellor

    $16 million is really nothing to a company the size of Lenovo. In fact, a pretty small loss in comparison to what other manufacturers have been posting. I expect them to be around for quite a while - they put out some of the best products around.
    TomSEA, Aug 6, 2009
    #3

  4. raybay TechSpot Addict

    You are correct. Sixteen million is hardly anything in today's computer marketing world, for Lenovo. Chump change. Let us see what happens next quarter. They market a great deal to companies with large sales forces. Those stopped hiring, and reduced their field force, but they will be back in time for Christmas.
    raybay, Aug 6, 2009
    #4
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