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

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RE: Nice...
By Apone on 5/21/2014 5:11:19 PM , Rating: 2
It's amazing the kind of response you get from a simple suggestion to buy American.

It's amazing the amount of ignorance there is from people who don't know business fundamentals or supply chain logistics considering the power of the Internet at your fingertips.

American companies might manufacture in China but the profits stay in the US.

So you've seen American companies' books and confirmed that?

Buy American, boost America's economy. Simple as that.

It's not that simple. Exactly what classifies a company as "American"? Is Toyota un-American because it's a Japanese company with a Japanese name even though it has production plants in the midwest and employs thousands of Americans? (lest we forget that Toyota is also a household name in the United States)

Is GM un-American because its Buick Regal is built in Germany?

Reclaimer77 is correct; we leverage more buying power since our dollar goes further.

RE: Nice...
By Xplorer4x4 on 5/27/2014 1:52:16 AM , Rating: 2
Interesting to note that I have family in logistics at Toyota. He claims a Toyota Camary has more American made parts in it then a Ford Crown Victoria(and I assume that's going for it's relatives in the Lincoln and Mercury line as well). The Crown Vic was pretty much the standard for every police department in the US as they were the reliable work horse cars they need unlike the old Impala's from a several years back. Our local PD dept has almost entirely phased out the Impala for Crown Vic which is now be phased out slowly for the Dodge Charger..but I am getting OT here..

"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain

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