Lenovo posted its fiscal fourth quarter and full year earnings ended March 31, 2014 on Wednesday, noting record profits and record annual revenue on strong growth in PC, tablet and smartphone sales. Lenovo's full year profits came in at a record $817 million, up 29 percent over last year, and record annual revenue of $38.7 billion, up 14 percent year-on-year.
The company also posted record device sales volume, too, noting 114 million devices sold, up 37 percent year-on-year. The firm sold a total of 55 million PCs, 50 million smartphones and 9.2 million tablets. "Not only did we strengthen our leading position in PCs, but we gained three points in tablets by quadrupling sales volume and became the fastest growing major smartphone company in the world," Lenovo chairman and CEO Yuangqing Yang said.
China is still Lenovo's biggest market, accounting for 33 percent of all sales. Globally, Lenovo has a record 17.7 percent of the PC market, up 2.1 percent from a year ago. PC shipments increased 33.3 percent in Europe, the Middle East and Africa, however, while PC shipments jumped 18 percent year-on-year in the Americas, too. Lenovo said it surpassed Apple in PC sales in the United States, earning a 10.8 percent market share. The company will also earn new smartphone market share in the U.S. this year following the closure of its deal to acquire Motorola Mobility from Google for $2.91 billion.
Yang said Lenovo is also working to build growth in new segments such as the enterprise business. "Our value will be even greater in the future," he said.
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Get your doodle on with a high-tech drawing tablet
Aching to incorporate freehand lines into your digital creations? Sounds like you need a drawing tablet! We've put together the best models for your perusing pleasure.