The Lenovo Vibe X smartphone.
Lenovo’s salary jumped with the aid of 36 % last quarter thanks to rising sales of its cell phones and pills. Revenue for the quarter ended September 30 came in at $220 million, while income rose by using thirteen % to $ ninety-eight. 8 billion. Smartphone shipments grew with the aid of 78 percent from the prior 12 months, whereas tablet shipments hit a document excessive of 2.three million.
Computer gross sales for Lenovo also had been wholesome regardless of a general gradual market. Laptops accounted for 51 % of Lenovo’s whole income. Laptop pc shipments inched up just one p.c, but that beat the industry’s decline of 6 %.
Lenovo, no longer the handiest, remains the top computer company on this planet. However, it can be already the quantity four-player in each smartphone and capsules worldwide and continues growing abruptly,” CEO Yang Yeaning stated in a commentary. “At the same time, we’ve achieved file income and file profit, and greater profitability significantly.
The company shipped 14.1 million computer systems closing quarter, giving it a file market share of 17.7 percent, in line with stats from Gartner and IDC. These numbers made Lenovo the fastest rising vendor of the top 5 laptop players and marked the 18th quarter in a row that outperformed its competitors.
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To achieve all of those outcomes, Lenovo offered a report of 29 million units all over the quarter, averaging around 4 per 2nd. Lenovo’s thirteen-inch Idea Pad Yoga.