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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Tuesday, February 3, 2015

Lenovo Starts a New Race

Boosted by acquisitions, Lenovo reported a 31% year-on-year increase in revenues in the quarter ending December 31st to 14.1 billion US dollars. It claims to lead the global PC market, with 20% share, and be number three in the mobile phone market behind Samsung and Apple.

“This quarter, we are at the starting line of a new race, but the results show that we have the right strategy, we made the right acquisitions and we executed well globally, so I am confident we are ready to win,” said Yuanqing Yang, chairman and CEO of Lenovo. “Our core PC business maintained its leading position and further improved profitability. The two newly acquired businesses are achieving great momentum in their first quarter of integration. They are definitely becoming our growth engines. Motorola is already a global strength: for the first time it sold more than 10 million units in the quarter and it is now re-entering the China market. Meanwhile, we have a strong start with the System x integration.” source: Lenovo presentation

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