Apple's China revenues surpass Lenovo

Aug 19, 2011

Apple's second quarter revenue in greater China -- an area including Taiwan and Hong Kong -- have surpassed that of Chinese computer giant Lenovo for the first time, according to figures from the firms.

Apple reported last month that revenue and profit rocketed to record highs as sales of its iconic iPhones and iPads more than doubled.

Its revenue in China, Taiwan, and Hong Kong reached $3.8 billion, six times that seen in the same quarter last year, making the area a key driver behind the company's record financial results.

Lenovo announced this week that its consolidated sales in China in the quarter totalled $2.8 billion, accounting for 47.9 percent of its worldwide sales.

The company said it became the worlds third largest in shipments with record market share of 12.2 percent.

The data were not directly comparable since Lenovo did not include Taiwan and Hong Kong in its calculations.

Grand Cathay Securities analyst Mars Hsu noted that a direct comparison in sales was difficult because Apple's main drive are iPhones and iPads while is dependent on notebooks, but added that the figures reflect a general trend.

"Since tablets have eaten into notebook computers' market, there is a big room for growth for Apple's share in China while Lenovo faces tough growing challenges to maintain growth even though it has launched its own tablets," said Hsu.

Lenovo in March launched its own at home as it aimed to compete for a share of an increasingly crowded market dominated by Apple's .

Explore further: GoDaddy revs up tech sector with Wall Street offering

Related Stories

PC maker Lenovo's quarterly profit up 45 percent

Nov 10, 2010

(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, said Wednesday its latest quarterly profit rose 45 percent on strong sales in China and other emerging markets.

Global PC sales slow in third quarter

Oct 13, 2010

Global personal computer sales slowed in the third quarter, notching up growth of just 7.6 percent, well below the previous quarter, technology research firm Gartner said Wednesday.

Lenovo launches 'LePad' tablet in China

Mar 29, 2011

Chinese computer giant Lenovo has warned that supplies of its just-released tablet computer could be restricted after the earthquake and tsunami in Japan disrupted production of memory chips.

Recommended for you

FTC's Google investigation probed by Senate antitrust chief

9 hours ago

The chairman of a U.S. Senate antitrust panel will look into the release of a confidential Federal Trade Commission report on an investigation of Google Inc.'s search business, which was closed in 2013 without an enforcement ...

Traffic court goes digital: Startup fosters settlements

9 hours ago

Traffic court is going digital. Michigan startup Court Innovations has developed a software solution that allows drivers to settle traffic violations by negotiating in a virtual environment instead of showing up to court ...

Amazon puts home staples on refill button

9 hours ago

Amazon moved Tuesday to become an errand service for home staples, introducing a "dash button" to allow consumers to instantly order popular products for home and kitchen.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

2020
1 / 5 (1) Aug 19, 2011
Good on you Apple!
All this in spite of the fact that at least eight fake Apple stores operated in the same markets and geographical areas and were selling copy cat product. Samsung copycat product is hot in China as well as that total ripoff ePad crap that can be purchased with the Apple logo on it!
In fact the only thing that cannot be duplicated in China's redhot counterfeit market are PEOPLE OF OTHER NATIONALITIES!
When is the Chinese government going to crackdown on these clowns seeing as the Chinese people ARE laying down REAL MONEY FOR THE REAL THING! Oh, and bring your basketball team to the Bronx...for a real goodwill rematch boxing tournament/basketball game...suckers!

word-to-ya-muthas!

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.