Lenovo back to black for the PC
 

PC is strong and stable

The world's largest PC maker, Lenovo has returned to profit in a year when its PC shipments fell at a slower rate than everyone elses.

Profit reached $535 million in the year to March, reversing a loss of $128 million a year prior and missing the $569 million average of 24 analyst estimates Revenue fell 4 percent to $43 billion.

The PC market has shrunk markedly since the advent of smartphones and the introduction of better operating systems.

At Lenovo, annual shipments fell a percent versus a market fall of three percent, with market share rising 0.4 percentage point to a record 21.4 percent. Revenue in its PC and smart devices unit - which makes up 70 percent of the total - fell 2 percent.

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