Lenovo smartphone shipments up 39%, tablets 67%, PC 15% in first quarter

Lenovo said its PC shipments rose 15 percent to 14.5 million units in the first quarter of fiscal 2015.

Lenovo, which competes with Samsung and Apple, shipped 2.3 million tablets, growing 67 percent.

Lenovo sold more smartphones than PCs for the first time ever with record volume of 15.8 million units, up 39 percent.

Despite fierce competition in China, Lenovo became the number 1 smartphone vendor in this country with 13 million phones sold.

Lenovo said quarterly revenue grew 18 percent to $10.4 billion. Earnings grew 23 percent to $214 million.

The company’s gross profit for the first fiscal quarter increased 13 percent to $1.3 billion, with gross margin at 13 percent.

Yuanqing Yang, chairman and CEO of Lenovo, said: “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.”

Lenovo smartphone launch

Lenovo’s Laptop computers generated 49 percent of its total revenue.

Lenovo Desktop PC shipments rose 12.1 percent and its desktop market share reached 17.5 percent. Consolidated revenues of Lenovo desktop PCs increased 20 percent to $3 billion, or 29 percent of the company’s total revenue.

Revenues of Lenovo’s mobile device business, including smartphones and tablets, increased 32 percent to $1.6 billion, representing 15 percent of the company’s total revenue.

Lenovo said it confident in closing the acquisition of both the Motorola Mobility and IBM x86 server business transactions before the end of the year.

Pix: Chip Malaysia

editor@gizmolead.com

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