Lenovo CEO Yang: four quarters to turn Motorola into a turnround

of the same period last year.

November 6, Lenovo Group released the second quarter of fiscal year 2014-2015 earnings and interim results.

Earnings showed Lenovo's second-quarter revenue was $10.475 billion, up 7% from a year earlier, with a net profit of $262 million, up 220 million from a year earlier of 19% dollars.

Subsequently, Lenovo Group chairman and CEO Yang, Lenovo Group CFO Wong and other executives to accept Sohu It interview, the important information is as follows:

1. Motorola Mobility is used to enter the North American and South American markets.

Liu June, executive vice president of Lenovo Group, said Lenovo made a three-step strategy in the mobile internet sector in 2010:

The first step to become a strong competitor in the Chinese market, the second step into the emerging markets, the third step is the global market. In the third phase, Lenovo thinks mergers and acquisitions are the quickest means.

After the acquisition, Lenovo will use Motorola to cut into the North American and South American markets. Motorola Mobility is operating as a wholly owned subsidiary.

2. Integration of Motorola Mobility in the global marketplace, with a four to six-quarter turnaround for motorcycles.

Yang said Lenovo began integrating Motorola mobile operations from the first day of the acquisition, with four to six quarters to make the current loss-making Motorola business profitable.

To integrate the importance of Motorola Mobility, Yang said the key is global market: In the past, China's smartphone market accounted for more than 35% of the world, so Chinese manufacturers can occupy a high global position in shipments, but the future is completely changed, the era of China's smart-phone growth has passed.

Therefore, by acquiring Motorola, Lenovo's mobile phone business in the global market can save a lot of patent costs, become a global competitive player. It is understood that in the last quarter, Motorola in North America's market reached 10.3% market share.

Liu June, executive vice president of Lenovo Group, said sales in the next two quarters were expected to be about 40 million to 50 million, along with Lenovo.

3. Lenovo became the first of the generalized PC (PC Tablet PC).

For this data, Yang's understanding is that Lenovo PC business in the world with 20% market share on the basis of maintaining high operational efficiency is an important reason.

As for Apple's claim that tablet shipments are larger than traditional PCs, he said: "This is a funny thing to compare with apples and oranges, and to reflect the combined strength of the two items should be added together." "(Wang Congji)