backtop


Print 40 comment(s) - last by Xplorer4x4.. on May 27 at 1:52 AM

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.

Source: Lenovo



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Nice...
By inperfectdarkness on 5/21/2014 4:17:47 PM , Rating: 1
Ok. I'm just going to CONTINUE to buy MSI and send my money to TAIWAN...where 99% of all laptops ARE MADE ANYHOW.

P.S.
F-Apple. The only thing that surprises me is that HP and Dell are still on top. I would have expected Asus, Lenovo and possibly even Toshiba to have booted them a while ago. Why buy HP/Dell? If I want a Clevo chassis, I'll just go to AVADirect.


RE: Nice...
By retrospooty on 5/21/2014 4:39:49 PM , Rating: 2
"Why buy HP/Dell?"

Corporations buy them and buy them is high volume. The higher end more expensive ones are actually really good. Dell also gets a boost because its lower end ones are cheaper than dirt and many consumers get them... They are cheap and fall apart, but they sell well.


"There is a single light of science, and to brighten it anywhere is to brighten it everywhere." -- Isaac Asimov














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki