Lenovo said its profit rose 88% in the latest quarter, when the Chinese company passed Dell to become the No. 2 PC maker by shipments.
(Via WSJ.com: US Business)
Moving on up. Expanding profits too!
It’s not clear if there are special reasons that profits expanded. Increasing sales seems to be done so often by lowering prices to gain access to more customers, thus driving down margins and total profits. Time will tell if Lenovo is able to continue expanding profits or if there were other factors that lead to expanded profits for this period.