Thursday, November 26, 2015
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Panasonic's CX Ultra HD Smart TVs Bring 4K Closer To Home
New LG Ray Smartphone Focuses On Photo Shooting
HP Profit Lower Than Expected
Police Arrests Fifth Suspect In TalkTalk Hack Investigation
Toshiba Develops Fast 3D Metal Printer
ECS LIVA X2 Mini PC Runs Windows 10
Memory-Tech Ready To Start Mass Production Of UHD Blu-ray Disc
New Nokia 230 and Nokia 230 Dual SIM Phones Coming Next Month
Active Discussions
roxio issues with xp pro
How to back up a PS2 DL game
Copy a protected DVD?
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Smartph...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 15, 2013
Smartphone Sales Push Lenovo's First-quarter Profit

Lenovo Group today reported results for its first fiscal quarter ended June 30, 2013, with quarterly revenue of US$8.8 billion, a ten percent increase year-over-year.

At the same time, Lenovo's first quarter pre-tax income increased 16 percent year-over-year to US$215 million, while earnings grew 23 percent year-over-year to US$174 million, highlighting the company's continued focus on leading in the PC Plus era, while growing its business profitably across all geographies and product lines.

For the first time ever, Lenovo was named the world's largest PC vendor, and in so doing, recorded its highest-ever quarterly market share of 16.7 percent up 1.7 points year-over-year. Lenovo's PC shipments for the first fiscal quarter were 12.6 million units, the 17th quarter in a row that Lenovo outperformed the industry as a whole, which was down 11 percent year-over-year.

"In a tough PC market, Lenovo became the clear #1 for the first time and continues to improve profitability. Our strong performance in PC is fueled by balanced growth, through our consistent execution of the right strategy," Yang Yuanqing, chairman and CEO, Lenovo. "While driving profitable growth in our core PC business, we are rapidly transforming our company into a PC Plus company. The PC Plus market requires fast, efficient innovation as it moves quickly from premium products to mainstream ones and from mature market domination to emerging market hyper growth. This kind of market plays to Lenovo?s proven strengths. Lenovo is now better positioned than our competition to take advantage of these clear trends."

With the traditional PC sector on the decline, Lenovo has accelerated its foray into mobile devices, rapidly rising to become the No. 2 smartphone vendor in China, the world's largest smartphone market. It is also expanding into other emerging economies and has said it will start selling phones in the United States, perhaps this year.

Lenovo overtook ZTE as the world's No. 4 smartphone maker in April-June with market share of 4.7 percent, behind Samsung, Apple Inc and LG Electronics, according to research firm IDC.

Verbatim Launches New Line Duplicator Plus DVDs        All News        Ask Google For Your Flights, Reservations, Package Delivery Info
Washington Post Hacked     General Computing News      Ask Google For Your Flights, Reservations, Package Delivery Info

Get RSS feed Easy Print E-Mail this Message

Related News
Lenovo Posts Solid 2nd Quarter FY15-16 Opertional Results
New Lenovo YOGA 700 Convertible Laptop Released
Lenovo Introduces New YOGA 900 And YOGA Home 900 Windows 10 PCs
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
Lenovo Admits Collecting User Data On Computers
Lenovo Yoga Tablets Feature A Built-in projector, New Phab Smartphones Look Impressive
IFA 2015: Lenovo Refreshes Its PC Line
Lenovo Reports Profit Drop, Cuts Jobs
Lenovo PCs Installed Stealthy Software During Boot Up
Lenovo ThinkPad P50 and P70 Mobile Workstations Pack New Skylake Xeon Processors
Lenovo Overtakes Apple To Lead PC Market
New Lenovo ideacentre Stick 300 Brings Windows To Your Pocket

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .