Smart phones, tablets dominate Lenovo sales

Computer-maker Lenovo Group Ltd. sold more smart phones and tablet devices than PCs during the first quarter of this year, highlighting the Chinese company’s strategy to lessen its vulnerability to the slowing PC market.

Most of the company’s smart phones are sold in China, but recently Lenovo has started marketing its handsets in India, Southeast Asia and Russia. It also has plans to exports smart phones to North America and the rest of Europe.
Lenovo’s K Series ultra-slim smart phone

Lenovo’s mobile device business saw a revenue increase of 105 per cent year-over-year for the first quarter of 2013 reaching $1.2 billion. This amounts to 14 per cent of Lenovo’s total revenue for the period.


Windows PC sales hit low, tablets soar
Tablets, Windows 8 caused 2012 PC sales dip, IDC

By contrast, the company’s PC sales slide 1.4 per cent for the same period.

Despite this, the company’s net profits are estimated a $174 million, up from $141 million in the same period a year ago. Lenovo’s revenue was $8.8 billion, which amounted to a year-over-year increase of 10 per cent.

Read the whole story here


Related Download
End-of-support-devices: Time to Upgrade is Now Sponsor: SoftChoice
End-of-support-devices: Time to Upgrade is Now
Sadly, it’s too often the case that something needs to ‘go boom’ with networking devices for organizations to realize there’s even a problem. But there are simple steps IT leaders before disaster strikes.
Register Now