Lenovo smartphones and tablets revenue dips 6% to $1.4 bn in Q2

Lenovo Group today said revenue from smartphones and tablets business dipped 6 percent to $1.4 billion in the second fiscal quarter of fiscal 2015.

The Chinese company did not share specific reason for the dip in revenue.

Lenovo’s Mobile Devices represents 13 percent of the company’s total revenue during the quarter.

Smartphone shipments rose 38 percent, driven by sales in more than 45 markets.

Shipment growth in India / Southeast Asia, Russia / EMEA emerging, and Latin America was about 120 percent, 400 percent, and 150 percent, said Lenovo.

Lenovo smartphone launch

Lenovo laptop PC

With $5.5 billion revenue, Lenovo’s laptop PC sales, the top contributor, generated 52 percent of Lenovo’s total revenue in Q2.

Lenovo laptop shipments gained 2.5 share points and achieved a market share of 21 percent. The laptop industry rose 0.9 percent.

Lenovo’s desktop PC shipments grew 6.4 percent compared to an overall industry decrease of 2.3 percent. Lenovo gained 1.5 share points and achieved market share of 18 percent.

Consolidated sales of Lenovo desktop PCs increased 11 percent to $3 billion, or 29 percent of the company’s total revenue.

The Chinese device vendor said it shipped 35.6 million smartphones, PCs and tablets globally.

Lenovo Q2 revenue

Lenovo said its second quarter revenue rose 7 percent to $10.5 billion, while profit grew 24 percent to $329 million.

Lenovo’s revenue from China dipped 2 percent to $3.8 billion, which accounted for 36 percent of the company’s worldwide revenue. Lenovo has 37 percent share in Chinese PC market.

Revenue of Lenovo from Asia Pacific rose 3 percent to $1.6 billion or 15 percent of the company’s worldwide revenue.

Lenovo’s Q2 revenue in the Europe/Middle East/Africa (EMEA) rose 33 percent to $3 billion or 29 percent of total revenue.  Lenovo PC market share rose 44 percent to 19.3 percent in EMEA. Lenovo achieved the #1 position in PC across 16 EMEA countries, strengthening its #2 position in the EMEA PC market.

Lenovo said it posted flat growth in the Americas to $2.1 billion or 20 percent of the company’s total revenue. Lenovo’s PC market share in Americas was 11.3 percent with the number three position in Q2.

Baburajan K
editor@gizmolead.com

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