X

Revenue grew 18% year on year to 10.3 bn as its PC and mobile prowess ploughs aheadEarnings at the Chinese tech giant rose 23% to US$214 million for the first fiscal quarter as its record-breaking growth continues. 


One in 5 PC’s sold globally are Lenovo’s and is enjoying ‘hyergrowth’ in smartphones and tablets.  


Lenovo’s home market now accounts for one-third of sales compared to almost half 3 years ago, as its global expansion continues apace. 

The Yoga maker also delivered on its aim of improving profitability – NPAT rose 25% to $211 million. 

Lenovo defied PC slump and grew its global market share to almost 20%. PC shipments for Q1 were up 15 percent to 14.5 million and gained share in every geography including US. In Asia Pacific, its PC market share stands at 15%, driven by strong demand in Japan. 

“This has been a quarter of milestones for Lenovo – record PC share, a number three ranking in worldwide tablets for the first time, and an even stronger number four global smartphone position,” said Yuanqing Yang, CEO of Lenovo. 

“As the PC industry recovers, the smartphone market continues its shift from premium to mainstream, and our acquisitions of Motorola Mobility and IBM x86 proceed toward completion, we see even more opportunity to keep growing rapidly.”

Tablets volumes soared 67% – growing 8 times the average pace of the market. Lenovo is now No 3 tablet vendor, globally, with 2.3 million devices shipped. 

In Australia, JB Hi-Fi is now selling Lenovo consumer tablets and is experiencing much success with more local retailers said to come onboard. 

The tablet market is squeezed between convertible PCs and phablet and it may split into ‘niche PCs’ focusing on media consumption with 8-inch + screens with optional keyboards or big-screen smartphones.

It plans to launch a “new generation of products to attack both categories,” according to an investor presentation.

‘Hypergrowth’

It has also made big gains in smartphone race, during Q1 and became the top selling smartphone in China for the first time.  

Lenovo’s mobile division which now includes Motorola is enjoying ‘hypergrowth’ outside China at 350%, especially South East Asia where demand has soared 300% and Eastern Europe up 500%. 

Lenovo sold more smartphones than PCs for the first time selling a record 15.8 million, up 39 percent. 

It will be a stronger global player with the close of Motorola deal, which it purchased off Google, last year.

Moto products and results are improving significantly with sellout product launches in India, Brazil. 
FA 979 HN MDF SG14 14gen 728x90 1 Hypergrowth: Lenovo Defies PC Slump
Westan 728x90px Hypergrowth: Lenovo Defies PC Slump
Uniden Channelnews SoloX July 2024 728x90 1 Hypergrowth: Lenovo Defies PC Slump
Hisense KV BannerAd 728 90 Hypergrowth: Lenovo Defies PC Slump
Flick of a switch 728x90 1 Hypergrowth: Lenovo Defies PC Slump
728x90 Hypergrowth: Lenovo Defies PC Slump
728x90 Hypergrowth: Lenovo Defies PC Slump
Marshall 728x90 1 Hypergrowth: Lenovo Defies PC Slump
250527 SAV Channel news June25 Leaderboard 728x90 1 Hypergrowth: Lenovo Defies PC Slump
MOTO 36331576 Q3 Ad Banners 728x90 2 Hypergrowth: Lenovo Defies PC Slump
BlueAnt 4SQM PumpAirUltra 728x90px Hypergrowth: Lenovo Defies PC Slump
728 x 90 Hypergrowth: Lenovo Defies PC Slump
HAIER Series 600 FLW HPD Pairs 728x90 1 Hypergrowth: Lenovo Defies PC Slump
ChannelNews AZ100 728x90 Hypergrowth: Lenovo Defies PC Slump
AU X8 Banner 728x90 Hypergrowth: Lenovo Defies PC Slump
Px7 S3 728x90 1 Hypergrowth: Lenovo Defies PC Slump
BEL2535 BPB024 4SQ Banners 728x90 Hypergrowth: Lenovo Defies PC Slump
JBL TourPro3 728x90 Hypergrowth: Lenovo Defies PC Slump
GOTHAM 728px x 90px Hypergrowth: Lenovo Defies PC Slump
Skullcandy 728x90 1 Hypergrowth: Lenovo Defies PC Slump
FLOODLIGHT 2024 Banner 728x90px Hypergrowth: Lenovo Defies PC Slump
ELX DIG Crosscat Promo 728x90 Mar25 Hypergrowth: Lenovo Defies PC Slump
4Square Media Banner Ads Update at 5 July JSAU05JUL1 MR 728x90 1 Hypergrowth: Lenovo Defies PC Slump
appliance retailer leaderboard may 728x90 Hitachi updated Hypergrowth: Lenovo Defies PC Slump
4Square Media Banner Ads Update at 5 July JSAU05JUL1 Buddy 728x90 1 Hypergrowth: Lenovo Defies PC Slump


YOU MAY ALSO LIKE