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Lenovo is the fourth largest smartphone supplier in the world

Lenovo has announced its fiscal Q2 2013/2014 financial results. The quarter ended on September 30, 2013 and revenue for the quarter was a strong $9.8 billion. This reprsena 13% increase year-over-year. Lenovo also reported pretax income of $265 million for a 30% year-over-year gain.

Lenovo sold 29 million devices during the quarter and the company says that works out to about four devices every second. Lenovo is also the world's largest PC vendor for the second quarter in a row scoring its highest ever market share of 17.7%. That is a two percentage point gain year-over-year. Lenovo shipped 14.1 million computers during the quarter making it the fastest-growing of the top five computer vendors.

“Lenovo not only remains the top PC company in the world, but is also already the number four player in both smartphones and tablets worldwide and continues growing rapidly. At the same time, we have achieved record revenue and record profit, and improved profitability significantly.” said Yang Yuanqing, Chairman and CEO of Lenovo. 

Lenovo also says this is the 18th quarter in a row where it outperformed the industry overall. Lenovo says for the quarter it ranked second in combined PC tablet shipments and was the third-largest supplier of smart connected devices including PCs, smartphone, and tablet products.

Lenovo says that it's combined shipments of smartphones and tablets surpassed its shipments of PCs for the second quarter in a row. Lenovo says that it is now the world's fourth-largest smartphone supplier with shipments growing 70% year-over-year. Lenovo shipped 2.3 million tablets for the quarter, mostly driven by sales outside of China.

Lenovo unveiled its new convertible Yoga tablets late last month.

Source: Lenovo





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