Yang bets on mobile internet success: 11% of total revenue

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp;

Lenovo Group chairman and Chief Executive Officer Yang (Tencent Science and technology with map)

Tencent Science and technology News (Lou Chi) January 31, Lenovo Group announced the third quarter of fiscal year 2013 financial results. According to earnings, Lenovo's third-quarter revenue was $9.36 billion, an increase of 11.8% per cent, and a net profit of 205 million dollars, which grew 33.5% per cent year-on-year. Yang, chairman and chief executive of Lenovo's board of directors, revealed that Lenovo Mobile internet business in the third quarter accounted for 11% of overall turnover, close to break-even.

Yang revealed that in the third quarter Lenovo's mobile interconnection and digital home business turnover increased 77%, the current Lenovo Midh's three categories of products, only the smart TV business has a slight loss, mobile phones and tablets have achieved a profit. In the third quarter, Lenovo Group's smartphone business sales have reached 9.4 million, and continue to maintain China's second market share rankings.

First profit for mobile phone and tablet business

Yang, chairman and chief executive of Lenovo's board of directors, said Lenovo's handset sales doubled in the current quarter, with sales in China reaching 9 million units and sales to 400,000 in overseas markets, and for the first time in history to make a profit. He also disclosed that Lenovo's Tablet PC sales rose 77% per cent year-on-year in the quarter, and sold nearly 800,000 Tablet PCs worldwide, as well as making a profit.

Talking about entering the high-end market for mobile phones, he said that Apple is a respectable competitor, but Lenovo will not cede the Chinese market, "I call on operators to give Apple some less subsidy, we have confidence in defeating Apple." He said he hoped domestic operators would reduce the "supranational treatment" offered to foreign manufacturers such as Apple and Samsung, and that Lenovo and other domestic handsets could be developed in the high-end market if operators were able to offer equal subsidy opportunities to domestic manufacturers such as Lenovo.

Lenovo is currently the second-largest provider of smartphones and tablet computers in China, and the group's mobile interconnection and digital home businesses continue to grow rapidly, Lenovo said. In the third quarter, Lenovo's share of the smartphone market in China was 12.3%, an increase of 4.7% per cent.

In addition, Lenovo has launched smartphone products to overseas markets, including India, Indonesia, the Philippines, Russia and Vietnam market, the initial reaction of the market is ideal. It is reported that Lenovo Group officially entered the field of mobile interconnection in 2010. Lenovo smartphones have ranked second in the Chinese market for 7 consecutive months since June 2012, according to data from third party research agencies.

European share of the super Acer

Lenovo's global market share rose to 15.9% in the third quarter, according to earnings reports. China's market share rose 1.4%, its market share in Asia-Pacific and Latin America increased to 11.3%, Lenovo's market share in Europe, the Middle East and Africa rose to 11%, and North America's market share rose to 9%.

Yang said that with constant innovation, Lenovo has gained recognition in the global market. Lenovo used to sell only 299 or 399 dollars overseas, but today Lenovo accounted for 30% of Windows 8 PC sales in the US market, and more than 900 per cent of Windows 8 PC products sold over 45% dollars.

It is noteworthy that Lenovo has surpassed Acer in the European market, after Hewlett-Packard. Yang said that Lenovo's development in Europe is relatively smooth, one reason is that Lenovo's products are better, with Mr Lanci's restructuring of Europe, and he believes Lenovo now has a good market in Europe and will never be content with the second place and continue to grow market share.

It is reported that former Acer CEO Lanci in April 2012 as the head of the European, Middle East and Africa, Lenovo has been in Denmark, Germany and other areas to become the first market share, and successfully squeezed Acer into the European market second.

will continue to look for acquisitions

In response to rumours that the former Lenovo view had bought the BlackBerry, Yang responded that it was a media misunderstanding and that no company would publish the news that was being traded or was being negotiated to the media in this way. He also said that the acquisition is not to be asked for, for Lenovo, we will not reject the acquisition, if there is such a chance we must seize the leap-forward development.

He said that Lenovo was very open-minded to discuss business cooperation with all companies, including acquisitions, as long as it is beneficial to Lenovo business will be actively considered. Lenovo is not only hoping to get a patent through acquisitions, but also to acquire customers and markets through acquisitions. At present, Lenovo CFO Wong has a dedicated team responsible for the acquisition of the matter.

In the third quarter, Lenovo implemented the joint venture and acquisition deals announced in the first two quarters, including a strategic partnership with EMC, including a joint venture with its Iomega business, and the acquisition of CCE, the PC leading enterprise in Brazil, and the acquisition of Stoneware, an American company that provides cloud computing services. In addition, Lenovo said that the integration of mergers and acquisitions projects in the past three years had been progressing well, and most of them had exceeded the original timetable.