Lenovo now ships more smartphones than PCs
Lenovo is widely known for its desktop computers and notebooks, but its smartphone business seems to be taking off really fast. According to an official press release from Lenovo Group, the company "sold more smartphones than PCs for the first time ever" and closed the first fiscal quarter with no less than $10.4 billion USD in revenue. Lenovo reported pre-tax income of $264 million USD, a 22 percent increase year-over-year, while earnings grew 23 percent to $214 million USD.
The most interesting part is that shipments of smart connected devices grew by 28 percent year-over-year - 15.8 million smartphones (39 percent increase) and 2.3 million tablets (67 percent growth) - while PC shipments reached 14.5 million units during the same period, a 15 percent growth year-over-year. The company sold no less than 13 million smartphones in China, thus becoming the leader of the local market.
Yuanqing Yang, Chairman and CEO of Lenovo says that "This has been a quarter of milestones for Lenovo – record PC share, a number three ranking in worldwide tablets for the first time, and an even stronger number four global smartphone position." For more details about the company's excellent performance, please check the press release below.
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