Although the global PC market is generally depressed, Lenovo Group is still a solo show

Although the global PC market is generally depressed, Lenovo Group is still a solo show. Yesterday, Lenovo Group reported the first quarter of fiscal year 2013-2014 results, the total sales of 8.8 billion U.S. dollars, an increase of 9.71% per cent, net profit of 174 million U.S. dollars, the year-on-year growth of 23%. Mobile interconnection and Digital Home (MIDH) business income rose 105% to 1.203 billion U.S. dollars year-on-year, personal computer business income rose 2% to 7.307 billion dollars.

Notably, Lenovo rose to the top of the global PC market in the first quarter of this fiscal year, with market share rising 1.7% per cent to a record 16.7%.

Lenovo's global PC sales in the quarter amounted to 12.6 million units, surpassing overall industry growth for 17 consecutive quarters, while the overall industry recorded a 11% decline in the period. It is also worth mentioning that Lenovo smartphones and Tablet PCs sold for the first time surpassed PC sales. The group, the world's fourth-largest smartphone provider, grew by 132% in the first quarter, the fastest-growing maker of the top five, and is now the second-largest smartphone maker in China, with sales rising 121% per cent from last year.

Lenovo Group chairman and CEO Yang Yang to PC manufacturers confidence, he said, the smartphone market is undergoing some changes: first, the overall market began to shift from high-end to low-end market, low-end smartphone market growth is higher; second, emerging markets are the main market; The cycle of smartphone renewal is getting faster and shorter. And in emerging market brands, rapid research and development, independent manufacturing advantages, so that Lenovo in a favorable position. Lenovo said the group's goal this year was to sell 50 million smartphones and 10 million tablet PCs.

The company's board of Directors has decided to explore strategic options, including direct sales, joint ventures or strategic alliances, before Lenovo Group's earnings were released several days ago. And there are rumors that Lenovo will become the most powerful competitor of the buyer. If the target or transaction is in line with Lenovo's strategy, we will of course take advantage of the opportunity, Yang said. But he also reiterated that he would not comment on specific targets or deals.