Lenovo Announces Q2 Financials, Keeps Top Spot Among Global Computer Makers
November 7, 2013 9:54 AM
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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.
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I would really love
11/7/2013 10:44:04 AM
For Lenovo to step up to the plate on Smartphones and tablets the way they did with Laptops and Desktops. GReat quality stuff. They have started and laid all the groundwork on mobile, the low and mid range stuff is in place, which is always the best palce to start... The only thing missing now are the great high end products.
RE: I would really love
11/7/2013 3:41:09 PM
I hope they also improve their support in Pacific (Australia/NZ). Much as I like new X240, T440s and such... we are waiting 5 weeks for authorised repair centre to replace faulty speaker on ThinkPad Tablet 2. After first 3 weeks have passed with no updates, we got our Lenovo supplier to start process for tablet replacement... they tried to get aproval from Lenovo to ship us new tablet from their stock, and as they forwarded us all the emails, it was obvious that Lenovo reps are ignoring them just as they were ignoring us.
Eventually, earlier this week we got email from Lenovo "Pleased to inform us our tablet's repair is scheduled for 07/11/2013 as the spares have arrived". No excuse, no explanation, nothing. Simple "if we ignore it, it never happened".
07/11 was yesterday, local NZ time... nothing came in today, so I'm not holding my breath.
But with HP, we never had anything like this - we were always informed about repair status in professional manner, and HP was never shy to replace faulty unit if they could not fix it in reasonable time (about 2 weeks, I'd say).
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
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