Lenovo clocks $3.4 bn from smartphones, $9.2 bn from PCs in Q3

Lenovo today said it posted $3.4 billion from smartphones and $9.2 billion from PCs and Windows tablets in Q3 2014.

The Chinese vendor generated $3.4 billion revenue from Lenovo-branded mobile phone business, Android tablets and TVs and Motorola in its third fiscal quarter ended December 31, 2014

Motorola smartphone shipments rose 118 percent to more than 10 million units, adding $1.9 billion to Lenovo’s MBG revenues.

Motorola-Lenovo branded devices became the third largest vendor of smartphones behind Samsung and Apple. Market share of Motorola-Lenovo grew 78 percent to 6.6 percent. Global tablet market share was 4.8 percent, with 3.7 million shipments, up 9 percent, powered by the launch of the latest Yoga tablet.

Lenovo now drives about 60 percent of its mobile phone volumes outside China, having entered 67 countries in the last two years.

Lenovo generated $9.2 billion revenue from PCs and Windows tablets. Lenovo’s PC sales increased 4.9 percent to 16 million PCs in the third quarter with a market share of 20 percent. Lenovo sold its 100 millionth ThinkPad laptop PC.

The company said PCs now account for 65 percent of the company’s revenue, while mobile delivers 24 percent and enterprise contributes 9 percent.  Just a year ago, PCs accounted for 81 percent of Lenovo’s business.

Lenovo said its total revenue was $14.1 billion, while net income was $253 million in Q3 2014.

Baburajan K


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