Lenovo’s Profits Jump 36% As It Registers 100% Growth In Smartphones And Tablets

by Paul Joseph on November 8, 2013 · 0 comments

The largest Personal Computer (PC) maker, Lenovo Group has registered a phenomenal growth in the smartphone and tablet segment. The company posted a very healthy 36% Jump in Quarterly Profits. The dynamic revision of the revenue sources from PC to Portable Computing, marks a pivotal point for the company and should serve as a strong reminder as to where the future of Lenovo lies. Lenovo making strong inroads in the portable internet enabled devices market is surely a strong indicator for the PC maker. The results reflect the dramatic shift underway as people switch to going online wirelessly. Additionally, such a growth pattern shows how the PC makers are scrambling against a relatively new, but strongly emerging, market. Lenovo has been launching multiple variants of its smartphones as well as tablets . It has been involved in heavy promotional activities too. Though the company registered a drop of 3% in sales of Desktop PCs, the company is optimistic that the PC market will come up. “ The PC market is recovering and tablet growth continues shifting to mainstream and entry-level segments, as well as emerging markets. These are Lenovo’s strength areas ” said Yang Yuanqing, Chairman Lenovo Group. Interestingly , tablets and smartphones are not the only strong avenues for Lenovo’s growth. The company registered a 8% (US$ 5 Billion) growth in laptop sales. However, surpassing by a huge margin, the sales of smartphones, tablet computers and other mobile devices rose 106% over a Year-On-Year basis, to US$ 1.5 Billion. Mobile’s share of revenue expanded to 15% from the previous quarter’s 9%. The remarkable growth, of a traditional PC maker, in the Tablet & Smartphone market suggests the ability of the company to make devices that are desired by the users and price them correctly. Additionally, the company has brought forth a large number of devices spread over a wide price spectrum and even brought forth industry firsts such as the Lenovo P780 with a humongous 4000mAh battery. With such healthy growth patterns will Lenovo slowly withdraw from the PC market?   Image Source : aos Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency

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