Sunday, November 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alienware Alpha PC Gaming Console Now Shipping
Samsung Files ITC Complaint Against Nvidia
Europe To Ask Google Unlink Its Commercial And Search Services
Streaming TV Service Aereo Files for Bankruptcy
Square Launches Cash Register Service
Call of Duty: Advanced Warfare is the Biggest Entertainment Launch of 2014
Intel-Micron 3D NAND To Have 32 Layers, 256Gb Per Die
Intel To Release Chromecast-like Thumb-sized PCs
Active Discussions
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
How to generate lots of different CDs quickly
 Home > News > General Computing > Smartph...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 15, 2013
Smartphone Sales Push Lenovo's First-quarter Profit


Lenovo Group today reported results for its first fiscal quarter ended June 30, 2013, with quarterly revenue of US$8.8 billion, a ten percent increase year-over-year.

At the same time, Lenovo's first quarter pre-tax income increased 16 percent year-over-year to US$215 million, while earnings grew 23 percent year-over-year to US$174 million, highlighting the company's continued focus on leading in the PC Plus era, while growing its business profitably across all geographies and product lines.

For the first time ever, Lenovo was named the world's largest PC vendor, and in so doing, recorded its highest-ever quarterly market share of 16.7 percent up 1.7 points year-over-year. Lenovo's PC shipments for the first fiscal quarter were 12.6 million units, the 17th quarter in a row that Lenovo outperformed the industry as a whole, which was down 11 percent year-over-year.

"In a tough PC market, Lenovo became the clear #1 for the first time and continues to improve profitability. Our strong performance in PC is fueled by balanced growth, through our consistent execution of the right strategy," Yang Yuanqing, chairman and CEO, Lenovo. "While driving profitable growth in our core PC business, we are rapidly transforming our company into a PC Plus company. The PC Plus market requires fast, efficient innovation as it moves quickly from premium products to mainstream ones and from mature market domination to emerging market hyper growth. This kind of market plays to Lenovo?s proven strengths. Lenovo is now better positioned than our competition to take advantage of these clear trends."

With the traditional PC sector on the decline, Lenovo has accelerated its foray into mobile devices, rapidly rising to become the No. 2 smartphone vendor in China, the world's largest smartphone market. It is also expanding into other emerging economies and has said it will start selling phones in the United States, perhaps this year.

Lenovo overtook ZTE as the world's No. 4 smartphone maker in April-June with market share of 4.7 percent, behind Samsung, Apple Inc and LG Electronics, according to research firm IDC.


Previous
Next
Verbatim Launches New Line Duplicator Plus DVDs        All News        Ask Google For Your Flights, Reservations, Package Delivery Info
Washington Post Hacked     General Computing News      Ask Google For Your Flights, Reservations, Package Delivery Info

Get RSS feed Easy Print E-Mail this Message

Related News
Lenovo Posts Second Quarter Profit
Motorola Becomes Part Of Lenovo
Lenovo Releases The 13-inch Windows YOGA Tablet 2
Lenovo Reveals Wearable Smartband
Lenovo Inrtoduces YOGA 3 Pro, YOGA Tablet 2, YOGA Tablet 2 Pro
Lenovo Set to Close Acquisition of IBM's x86 Server Business
Lenovo At IFA 2014
Lenovo Unveils New Lenovo Tablet and Gaming PC at IFA
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo
Lenovo Releases The 6-inch QHD Vibe Z2 Pro
Vuzix And Lenovo Launch M100 Smart Glasses Product

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .