For five consecutive quarters Lenovo has been the world’s largest PC maker, its market share peaked at 19.4 percent in the first fiscal quarter ending June, 2014. That’s the highest ever quarterly market share for Lenovo. Interesting though the company’s PCs are now being outperformed by its mobile devices, smartphones to be precise. In the just released quarterly earnings report Lenovo reveals that for the first time ever it sold more smartphones than PCs in a quarter.
That’s sold to consumers, not shipped to retailers. The company achieved record volume of smartphone sales by moving 15.8 million units which is a 39 percent year-over-year increase. As far as tablet shipments are concerned Lenovo still has a lot of ground to make up. Its in third place behind Apple and Samsung with 2.3 million tablets shipped in the previous quarter.
Lenovo has been able to achieve this milestone even though it faces increasing pressure in China from up and coming OEMs. The company is China’s largest smartphone vendor with 13 million smartphones sold. It reported a quarterly revenue of $10.4 billion which itself is an 18 percent year-over-year increase.
The company has traditionally been very strong in the Chinese market but now it looks to expand its presence in the global smartphone market. No doubt the acquisition of Motorola Mobility will further this cause as Lenovo not only gains access to Motorola’s talent but also its global brand recognition and lucrative distribution channels.
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