Lenovo Slides Past Apple to Claim #3 PC Sales Spot in U.S., Posts Record Earnings
May 21, 2014 9:21 AM
comment(s) - last by
Lenovo continues to defy the downward trending market with big gains year-over-year.
For the past year, Lenovo has been the king of the global PC market, displacing longtime leaders Hewlett-Packard and Dell. Lenovo is continuing its dominance for its fiscal 2014 period (which ended in March),
holding on to its No. 1 global ranking
. It recorded five percent year-over-year grown in PC shipments while the overall market declined by eight percent.
Lenovo also made significant inroads in the U.S. market, where HP and Dell are still in first and second place. Lenovo’s
strengthened PC lineup
allowed it to vault past Apple to claim the third place spot for its fiscal fourth quarter (January through March 2014).
“The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions,” said Lenovo Chairman and CEO Yuanqing Yang. “Not only did we strengthen our leading position in PCs, but we gained three points in tablets by quadrupling sales volume and became the fastest growing major smartphone company in the world.”
Speaking of smartphones, Lenovo sold 50 million smartphones for fiscal 2014, enough to make it the world’s fourth largest smartphone marker – it is currently the second largest smartphone maker in China. This tally will only grow once Lenovo adds in its
recent acquisition of Motorola Mobility from Google
As for its financial performance during fiscal 2014, Lenovo saw a 14 percent increase year-over-year (YOY) in revenue to $38.7 billion, a 27 percent increase YOY in full-year pre-tax income to $1.01 billion, and a 29 percent increase in full year earnings to $817 million.
“The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions,” said Lenovo in a statement.
This article is over a month old, voting and posting comments is disabled
5/21/2014 1:23:12 PM
Your suggestion is nearly impossible. Compounding this problem is the fact Americans want either the cheapest and/or coolest technologies, both of which are going to be made in China. When was the last time a "US company" ever did anything for Americans that was more than just a marketing idea? When was the last time Apple/Microsoft/etc. handed out free tablets to kids with cancer who are dying in a hospital? Maybe they have been and keep it a secret? Debatable...
American business is about making a few people rich through slave labor and consequently fucking over anything resembling middle class (and I'm not just talking about social standing). For instance, the medium in tools, Craftsman, are now worse than harbor freight. Our ignorance is taking us out, big surprise.
5/22/2014 3:43:21 AM
Put down the kool-aid and step away.
Harbor Freight better than Craftsman? bwahahahahahahahaaaa!!
Lastly learn what ignorance means...
“So far we have not seen a single Android device that does not infringe on our patents." -- Microsoft General Counsel Brad Smith
Google to Sell Motorola to Lenovo for $2.91B, Takes $7B+ Net Loss
January 29, 2014, 5:56 PM
CES 2014: Lenovo Opens the Floodgates with New Consumer, Business Products
January 5, 2014, 7:00 PM
Lenovo Announces Q2 Financials, Keeps Top Spot Among Global Computer Makers
November 7, 2013, 9:54 AM
Samsung Adds 2 TB 850 EVO, PRO SSDs for $800, $1000
July 7, 2015, 4:23 PM
Seagate Senior Researcher: Heat Can Kill Data on Stored SSDs
May 13, 2015, 2:49 PM
How to Recover Most Apps After Your NVIDIA Driver Crashes in Windows 10
March 30, 2015, 12:54 PM
Tinkerer Gets Old School Mac Plus Running on the Modern Web
March 24, 2015, 6:41 PM
Facebook-Backed Oculus Rift's Release Date Slips to 2016; Valve and HTC Salivate
March 16, 2015, 5:58 PM
Hackers Steal Roughly $1 Billion From Banks Using Malware RAT
February 17, 2015, 9:30 AM
Most Popular Articles
Samsung Gear S2 Borrows Circular Icons From Apple Watch
August 21, 2015, 2:48 PM
Kentucky Man Faces up to 10 Years in Prison for Shooting Drone Trespasser
August 13, 2015, 2:58 PM
Future of Lumia Uncertain as Microsoft Lays Off 2,300, Closes 1 of 3 Finnish Offices
August 24, 2015, 6:14 PM
Microsoft's Windows 10 Leaves Lumia 530 Behind w/ 8 GB Storage Requirement
August 25, 2015, 4:02 PM
Exclusive: If Intel and Micron's "Xpoint" is 3D Phase Change Memory, Boy Did They Patent It
July 29, 2015, 10:52 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information