Lenovo Reports $16 Million Quarterly Loss

The AP reports:

Lenovo Group, the world’s fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday amid weak global demand but said its market share grew.

Revenue was down 18 percent from the year-ago quarter. Because so much of the PC industry is engaged in a race for the bottom, “market share” is no longer much of a bragging point. The computer maker that has weathered this recession the best is Apple — the company which last year many analysts predicted would weather it the worst. They predicted Apple would be in trouble because it focuses on the high end of the market, but it’s exactly that focus that has enabled Apple to not just tread water but continue to grow.

Thursday, 6 August 2009

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