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Lenovo sales growth slows to 21% in Q4

2015-05-21 09:05:00| Telecompaper Headlines

(Telecompaper) Lenovo reported revenues for its fiscal fourth quarter up 21 percent year-on-year to USD 11.3 billion, helped by its acquisition of Motorola Mobility and the IBM server business. Organic growth was held back by negative currency effects; without the forex effect, sales would have increased 28 percent. While the gross margin improved to 15.7 percent from 13.3 a year ago, the acquisitions led to a sharp rise in operating costs. As a result, operating profit fell 45 percent to USD 127 million, and net profit dropped 38 percent to USD 100 million. Lenovo said it laid a good base for profitable growth in the past year, reducing the share of PCs in revenue to 63 percent in the last quarter. The PC market saw a seasonal slowdown in the March quarter, with shipments up just 2.7 percent year-on-year to 13.3 million. In the mobile market, Lenovo shipped 18.7 million smartphones in Q4 and a record 76 million over the full year. Motorola contributed over 7.8 million units in the quarter, and Lenovo said the company was on track to return to profit within 4-6 quarters of the acquisition. Outside Lenovo's home market China, smartphone shipments were up over four-fold to 31 million in the year, as the company expanded Lenovo-brand phones to new markets. Lenovo also grew tablet shipments 26 percent last year to 12 million units.

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Save $400+ on 14-Inch Lenovo Flex 2 Convertible Laptop

2015-05-20 22:02:34| PC Magazine Notebooks Product Guide

If you have a daily commute, or you find yourself traveling frequently, the Flex 2 is a superb investment.

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Save Over $500 on 14-Inch Lenovo Gaming Laptop

2015-05-13 22:02:51| PC Magazine Notebooks Product Guide

The portable gaming experience is top-notch on the 14-inch Lenovo Y40-80 laptop.

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ET deals: Lenovo LaVie Z 2560×1440 13.3-inch laptop for $1449

2015-05-07 16:00:36| Extremetech

When it comes to modern laptops, you don't have to sacrifice performance for portability. Lenovo's new LaVie Z laptop weighs less than two pounds, has all-day battery life, and it's still packing a fifth gen Core i7 processor. Even better, we found a coupon code for today that will help you save hundreds of dollars off of the initial asking price. Let's take a look.

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