Lenovo is Going Strong
Lenovo has been on the roll lately with the acquisition of Motorola. Now they have just made their third quarter financial report public and it is looking very good. The world’s current largest PC vendor is catching up very quickly in the mobile world also it seems. With the third quarter reports we see that they have climbed on the fourth largest smartphone maker spot behing Xiaomi, Apple, and Samsung; that is without including Motorola’s contribution. With Motorola in hand they actually make the third largest smartphone maker in the world in terms of the number of devices sold worldwide.
The results for the second quarter is quite staggering. For a brand that has never been a first choice of consumers they managed to ship out 35.6 million smartphones. In that quarter they announced that their revenue figure stands at USD10.5 billion (MYR35.14 billion), a seven percent increase in revenue over the past year. Through that revenue they posted a profit of USD262 million (MYR 876.78 million) compared to USD219.7 (MYR235.23 million) the last year. They keep seeing improvements quarter after quarter and there seems to be no stopping them at this point.
Of course most of their market lies in the Asian region, especially China contributing just over one third of Lenovo’s business. About 15 percent of Lenovo comprises of the rest of Asia, which is just showing how much Lenovo has in Asia. Slightly below a third of the businesses comes from Europe while the Americas contribute to about 20 percent to Lenovo. Of course Motorola is a very strong brand in the United States. The purchase of Motoroal will definitely increase the American business in the near future.
Sources: Android Authority