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Lenovo earnings up 23% on smartphone, tablet demand
2013-08-15 08:51:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues of USD 8.8 billion for its fiscal first quarter to June, up 10 percent from a year earlier. Its home market China accounted for 42 percent of revenue, growing 5.6 percent to USD 3.7 billion on strong demand for smartphones. Gross profit increased 14 percent year-over-year to USD 1.2 billion, giving a gross margin of 13.6 percent. Pretax profit grew 16 percent to USD 215 million, and EPS was up 23 percent to USD 174 million. The company shipped 12.6 million computers in the quarter, making it market leader for the first time. Lenovo said it was also the first quarter when its shipments of smartphones and tablets combined surpassed those of PCs. Revenues from mobile devices increased 105 percent year-over-year USD 1.2 billion, representing 14 percent of group revenue. Growth was strongest in China, where smartphone shipments increased by 121 percent, making Lenovo the second-largest vendor in China.
Tags: demand
earnings
tablet
smartphone
Skyworks Powers MediaTek's Latest Generation Dual-Core Smartphone Platforms
2013-08-15 08:43:28| wirelessdesignonline News Articles
Skyworks Solutions, Inc., an innovator of high performance analog semiconductors enabling a broad range of end markets announced that MediaTek is leveraging several of Skyworks’ front-end solutions in their innovative, dual-core MT6572 platform which is supporting multiple leading tier-one smartphone manufacturers in emerging markets.
Tags: latest
generation
powers
platforms
Smartphone Sales Top Feature Phones Thanks to Samsung
2013-08-14 18:35:44| PC Magazine Cell Phones Product Guide
Smartphone sales were on the rise again during the quarter, toppling sales of feature phones for the first time, according to data from Gartner.
Tags: top
sales
feature
phones
Smartphone sales exceed feature phones for first time in Q2
2013-08-14 12:48:00| Telecompaper Headlines
(Telecompaper) Unit sales of smartphones surpassed feature phone sales for the first time in Q2 2013, according to Gartner, It estimates the smartphone market grew 46.5 percent from a year earlier to 225 million units or 51.8 percent of the total handset market. Feature phone sales were down 21 percent year-on-year to 210 million units. Gartner maintained its forecast for total mobile phone sales of 1.82 billion units hits year, supported by new product launches around year-end and the continued fall in smartphone prices. Samsung maintained the No. 1 position in the global smartphone market, and its share increased to 31.7 percent from 29.7 percent in the second quarter of 2012. Apple's share fell over the same period to 14.2 percent from 18.8. In terms of mobile operating systems, Google's Android strengthened its lead, accounting for 79.0 percent of all smartphones shipped in the quarter. Apple's iOS was in second place with 14.2 percent, and Microsoft's Windows moved into third place, growing its share to 3.3 percent from 2.6 a year ago. BlackBerry fell to fourth place with 2.7 percent of the market, half its share of a year earlier.
Smartphone sales exceed feature phone sales in Q2
2013-08-14 02:00:00| Total Telecom industry news
Global smartphone sales in most recent quarter grew by 46.5% on-year, according to new Gartner numbers.
Tags: phone
sales
feature
exceed
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