Absrtact: Lenovo quarterly results have been more innovative, revenue and net profits have achieved substantial growth. China's smartphone shipments rose 20% per cent year-on-year in the quarter, with Samsung becoming the top smartphone market leader in China for the first time, Lenovo quoted IDC (International Data Company) as
Lenovo's quarterly earnings have been high, with revenues and net profits rising sharply. China's smartphone shipments rose 20% per cent year-on-year in the quarter, with Samsung becoming the largest smartphone market in China for the first time, Lenovo quoted IDC (International Data Company) as showing.
Data show smartphone shipments exceed Samsung in China
Earnings figures show that Lenovo Group in the first quarter of fiscal year 2014-2015 revenue 10.395 billion U.S. dollars, the year-on-year growth of 18%, net profit of 214 million U.S. dollars, an increase of 23%.
Lenovo ranks third in the global Smart terminal market, according to earnings reports. In the quarter, Lenovo's total smartphone sales surpassed its PC sales for the first time, with sales reaching 15.8 million, up 39% year-on-year.
Lenovo reported that China's smartphone shipments rose 20% per cent year-on-year in the quarter, according to initial estimates, the first time Lenovo overtook Samsung to become China's smart-phone market.
According to IDC's latest statistics, the top two of China's smartphone market in the second quarter of 2014 were Lenovo and millet, with Lenovo up to 12.5%.
However, according to Analysys International data, the two-quarter Samsung accounted for 15.4%, still China's largest smartphone market share of the manufacturers. Samsung did not respond to the data fight, which Lenovo did not explain.
Reduce distance from Apple in PC tablet field
Lenovo continues to rank first in the global PC market. Lenovo's PC sales rose 15% per quarter to 14.5 million units.
Last quarter, Lenovo chairman Yang said Lenovo would be the world's first in the next two years to surpass Apple in the PC tablet sector. The gap between Lenovo and Apple narrowed from 3.9% to 0.7% in the quarter. At this rate, Yang said yesterday, the PC tablet sector is expected to surpass Apple ahead of schedule.
Yang criticizes domestic handset market for poor environment
In a media call, Yang first expressed dissatisfaction with the current Chinese mobile phone market.
"Now the mobile phone market is not very healthy, focus on low-end products, and not focus on innovation and technological progress." "Some vendors don't care about making money, they're focusing on the size of their users." It is not a healthy model to get money from the capital market. Lenovo pursues balance. ”
According to Yang, the quarterly report shows that Lenovo's mobile phone has grown rapidly in overseas markets, with South-east Asia growing by nearly 300%, Eastern Europe growing more than 500%, Latin America more than 50%, and making better profits than China.
"There are 3% of operating profits in South-East Asia, and 4% of operating profit in Eastern Europe, while China is probably in the balance of profit and loss," he said. "The broader market potential of Lenovo's smartphones is overseas, and Lenovo has to win competition in more markets around the world," said Yang.