Lenovo acquires 31.8% of Egypt’s market share

Lenovo Egypt maintained the highest market share for the fourth consecutive quarter (Q), amounting to 31.8% during Q4 of the fiscal year (FY) 2020/2021, according to the company’s recent press release.

Lenovo Group’s global Q4 revenue grew by 48% Year on Year (YoY), achieving $15.6 billion. Profit recorded its highest growth rate in two years – with pre-tax income of $380 million and net income of $260 million, up 392% and 512%, respectively.

In Q4, the group’s annual surged to $60 billion, adding more than $10 billion on the previous fiscal year.