Lenovo, smartphone dark horse? Its shipments surge 78%

Lenovo Vibe X smartphone

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 handiest remains the top computer company on this planet, however can be already the quantity four player in each smartphones 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 it outperformed its competitors.

 

 

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To achieve all of those outcomes, Lenovo offered a report 29 million units all over the quarter, averaging around 4 per 2nd.

Lenovo's 13-inch IdeaPad Yoga.

Lenovo’s thirteen-inch Idea Pad Yoga.

 

Author: Rohit Shetty

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