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Lenovo posts quarterly earnings, becomes world’s third largest smartphone manufacturer

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Lenovo posts quarterly earnings, becomes world’s third largest smartphone manufacturer

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It’s been a promising yr for Lenovo, finishing a whole quarter of industrial with Motorola beneath its wing. The Chinese manufacturer shipped a document 18.7 million smartphones in its so much contemporary Q4 2014 record, making the corporate the third largest smartphone supplier on the earth.

Lenovo introduced in a income of $2.8 billion, which now not handiest comprises smartphones, however Android TVs and pills as smartly. Motorola had a large phase to play on this quarter’s smartphone determine, delivery over 7.8 million units. For the whole yr, Lenovo stated it shipped 76 million smartphones, the most productive the corporate has noticed but. China made up nearly all of the shipments, at 44.9 million devices.

In addition to smartphones, Lenovo stated they shipped 12 million drugs, with a marketplace percentage of 5.1 %.

The Chinese corporate beat a large number of expectancies, boasting a report surroundings income of $46.3 million, an building up in benefit by way of 20% from the similar duration final yr. They boasted a gross benefit of $6.7 billion and an running benefit of $1.1 billion.

In different phrases, Lenovo is changing into an more and more more potent participant within the smartphone marketplace, now not most effective in gross sales, however within the merchandise they provide as smartly. It wouldn’t be a a long way-fetched concept for his or her smartphone shipments to substantially building up if the Chinese manufacturer lived via the similar update requirements as Motorola does.

source: Lenovo


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