Apple Surpasses Lenovo Sales in China on Strength of IPhones
This article is for subscribers only.
Apple Inc. may have surpassed Lenovo Group Ltd.’s revenue in China and surrounding region for the first time in at least a decade as the iPhone-maker’s surge in sales hurt growth at the biggest Chinese computer maker.
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, which acquired International Business Machines Corp.’s personal computer business in 2005, this week added two new tablets in the U.S. featuring Google Inc.’s Android software to take on Apple in its home turf.