“Lenovo, which was the PC industry’s fastest-growing company for the seventh consecutive quarter, said on Thursday that its China sales rose 23.4 percent from a year ago to $2.8 billion,” Kwong reports. “Strong demand for iPhones, iPads and Mac computers pushed Apple’s second-quarter sales in greater China, which includes Hong Kong and Taiwan, up sixfold from a year ago to $3.8 billion.”
Kwong reports, “Lenovo groups its Hong Kong and Taiwan sales separately from the mainland, under the ‘emerging markets’ category, which also saw strong growth over the past quarter. But for Lenovo to even match Apple’s revenue for greater China, analysts say it would have to have notched up sales in Hong Kong and Taiwan of at least $1 billion. Jenny Lai, head of Taiwan Research at HSBC, said Lenovo’s sales in those two markets ‘would not be enough to make up the $1bn gap.’”
Read more in the full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Dan K." for the heads up.]