je.st
news
Lenovo Q2 revenues lifted by record smartphone shipments
2014-11-06 09:15:00| Telecompaper Headlines
(Telecompaper) Lenovo said revenues for its fiscal second quarter rose 7 percent from the year before to USD 10.5 billion. The operating profit lifted 24 percent to USD 329 million while the net profit advanced 19 percent to USD 262 million. Cash reserves at the end of the quarter amounted to USD 3.2 billion. The company said it sold a record 35.6 million smartphones, PCs and tablets in the quarter and that the PC market share went to 19.7 percent. Lenovo's laptop PC sales at USD 5.5 billion were the largest contributor to revenues worldwide (52%), taking the company market share to 21 percent. Lenovo's desktop PC shipments grew 6.4 percent worldwide, achieving a market share of 18 percent. The company shipped 3 million tablets, up 30.6 percent from the year before, driven by sales outside China. Smartphone shipments reached record levels, up 38 percent, driven by sales in more than 45 markets. The smartphone business remained robust in China but was stronger outside. India/Southeast Asia, Russia/EMEA emerging, and Latin America recorded unit growth of about 120 percent, 400 percent, and 150 percent, respectively. The business ended in fourth position at the end of the quarter but moved into third after the recent close of the Motorola investment.
Tags: record
revenues
smartphone
lifted
Category:Telecommunications
Latest from this category |
All news |
||
|
|||