Lenovo, the third largest smartphone maker

Lenovo has announced its financial results for its
second fiscal quarter, which ended September 30, 2014.
Everything is looking good for the world’s largest PC
vendor, not only does it now own Motorola, but as a
result it became the world’s third largest smartphone
maker.
Lenovo managed to increase its smartphone
shipments by 38 percent year-over-year. Without
Motorola the company is the 4th larges smartphone
maker in the world, but since it acquired Motorola
Mobilty, it is now the third largest with only Samsung
and Apple ahead of it in terms of the number of
devices sold.
But that isn’t all. Lenovo
also became the number
one PC+Tablet vendor for
the first time ever. Back in
May, Lenovo set itself the
task of becoming the
number one vendor in the
combined PC+Tablet market. The execs thought they
could achieve that goal by 2016, but the company
managed to become the number one six quarters
ahead of target. At the moment Lenovo has a 14.1
percent market share, up 1.2 percent year over year.
In total the company shipped 3 million tablets, up 30.6
percent. And these weren’t just tablet shipped to its
home market, according to Lenovo the growth in
tablet shipments was driven by sales outside of China.
During Q2 Lenovo shipped 35.6 million
smartphones, PCs and tablets shipped globally.
“Not only did we reach nearly 20 percent share in PCs,
but we became #1 in the broader PC+ tablet market for
the first time,” said Yuanqing Yang, chairman and CEO
of Lenovo.
During Q2 Lenovo shipped 35.6 million smartphones,
PCs and tablets shipped globally. The result was a
quarterly revenue of $10.5 billion, a 7 percent increase
year-over-year. This translated into $262 million of
earnings, up from $219.7 million a year earlier.
Lenovo does just over one third of its business in
China and about 15 percent in the rest of Asia. Just
under a third of its revenue comes from Europe/
Middle East/Africa (EMEA), and the rest of its sales
(some 20 percent) are in the Americas. The purchase
of Motorola should allow Lenovo to further boost its
market share in the USA.
Via : Android Central