Robust computer sales helped Lenovo more than triple its quarterly profits, providing a silver lining for China's under-fire technology sector. The Beijing-based company said Thursday that profits attributable to equity holders surged to $118m in the three months to March, compared to just $33m in the year ago period. Fourth quarter profits were also ahead of the $106m figure forecast by analysts polled by Bloomberg. Quarterly revenues of $11.7bn were 10 percent higher year-on-year and a touch above analyst estimates of 11.6 bn. (Lenovo Q4 profit jumps on strong PC sales, Financial Times)
Comment：
Faced with fierce market competition, Lenovo has been developing innovative products with self-reliant IPRs. Development of new products plays a key role in Lenovo's stellar performance.
(Editor Shao Jingjing)
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