Sunday05 February 2023

Lenovo pulls in a record quarter

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Lenovo has released the financial report for the last quarter of 2013. It says that it was a record one for the company during which they sold 32.6 million devices. The growth compared to the same period last year was 30%, and its main generator are units from the so called PC Plus category,which are mobile phones, televisions and tablets.

Total revenue of the Lenovo Group in that period was also a record 10.8 billion, an increase of as much as 15% compared to last year. Profit for the company in this period increased by 30%, and accumulated to $321 million before taxes. PC Plus category was responsible for 16 % of total company revenue, with continued growth in profitability. The number of sales of smartphones and tablets for a long time they exceed the number of PCs sold (17.3 to 15.3 million), as evidenced by their increasing orientation towards the mobile segment.

These results show that Lenovo remains for the third consecutive quarter the world's largest computer manufacturer, with the current share of 18.5%. In the market of smart phones they are on the 4th place with 4.8 % share, and are looking to improve on that field too.

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Last modified on Friday, 14 February 2014 19:56

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