Apple Surpasses Lenovo Revenue in China

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Mike Lee, Apple Surpasses Lenovo Revenue in China on Strength of IPhone, IPad Sales. Bloomberg, July 22, 2011.
http://www.bloomberg.com/news/2011-07-21/apple-surpasses-lenovo-revenue-in-china-on-strength-of-iphones.html

Quote:

"Lenovo’s combined revenue in China, Hong Kong and Taiwan last quarter lagged behind the $3.8 billion for Apple, according to four analysts surveyed by Bloomberg News.

"Lenovo generated $3 billion in sales from mainland China in the quarter ended June 30, according to Jenny Lai, head of Taiwan research at HSBC Holdings Plc. (HSBA) She had the highest of the analysts’ estimates in the Bloomberg survey. All four analysts polled said Lenovo’s revenue from Hong Kong and Taiwan weren’t enough to take the company’s total for the greater China region past that of Apple’s.

Note: Please recall on July 13, 2011 American market researchers (both IDC and Gartners) said Lenovo overtook Acer in 2Q11 (second qaurter of 2011) to become world's third largest computer maker by volume (not by revenue).  


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