Lenovo grows Q4 profit 90% to USD 127 million

News IT Global 23 MEI 2013
Lenovo grows Q4 profit 90% to USD 127 million

Chinese PC and mobile device maker Lenovo reported sales up 4 percent to USD 7.8 billion in its fiscal fourth quarter to 31 March, compared to a year earlier. The company achieved market-beating PC shipments and smartphone sales increased by 3.7 on last year, according to chairman and CEO Yang Yuanqing. Operating profit rose by 67 percent to USD 169 million and earnings increased by 90 percent to USD 127 million. Lenovo’s basic EPS reached 1.22 US cents in the fourth quarter. The company has declared a final dividend of 1.81 US cents for the fiscal year.

Global laptop sales decreased 2 percent to USD 4.2 billion, while unit shipments rose by 0.4 percent against the backdrop of a 14.2 percent overall industry decrease. Desktop PC sales decreased 2 percent to USD 2.4 billion, with shipments flat, compared to a 12.2 percent industry decline in shipments. Lenovo claimed second place in China’s smartphone market. Smartphone and tablet sales rose 74 percent to USD 376 million in the quarter. Shipments increased by 206 percent in the fourth quarter, compared to a 117 percent rise in the Chinese smartphone market.

Yang Yuanqing said the group would focus future investments on the tablets, smartphones and enterprise hardware, while working to enhance profitability in the core PC business.

Categories:

IT,  Mobile

Companies:

Lenovo

Regions:

Global

Countries:

China

Tags:

Enterprise equipment, Sales figures, Financial figures, Consumer devices, Wireline, Wireless, Consumer, Enterprise, Handsets

Related Articles

CHINA 24 JUN 2013

Lenovo announces Lenovo Game World service

Chinese computer maker Lenovo announced plans to launch Lenovo Game World, a gaming service with social-network featuers, gameplay tips and software reviews, in the third quarter. The company aims for the service to offset dropping PC sales and the group's reliance on its ThinkPad notebooks. Lenovo expects Game World to help it overtake Samsung in the Chinesese smartphone market.

GLOBAL 27 MEI 2013

Lenovo ziet kansen voor smartphones in EU en VS

Lenovo wil smartphones op de markt brengen in de VS en de EU. Dat meldt de CEO van het Chinese bedrijf, Yang Yuanqing. De Wall Street Journal schrijft dat het bedrijf op zoek is naar groeimogelijkheden. Lenovo is sterk vertegenwoordigd in de markt voor pc's. Lenovo verkoopt zijn smartphones op de Chinese thuismarkt en in enkele opkomende economieën, waaronder Rusland en Indonesië. Overnames in andere landen worden niet uitgesloten, om het verkoopkanaal in de VS en EU sterker te maken. De verkoop van smartph

UNITED STATES 27 MEI 2013

Lenovo to launch smartphones in US

Lenovo wants to start selling smartphones in the US within a year, its CEO Yang Yuanqing said in an interview with the Wall Street Journal. Even though Lenovo has been outperforming the PC industry, the company is looking for new growth engines and sees opportunities in smartphones, he said. Since last year, Lenovo has expanded its smartphone business outside its home market China, starting with emerging markets such as India, Russia and Indonesia. Yang said the company will strengthen its marketing in orde

CHINA 22 MEI 2013

Handset sales hit 90.5 mln in China in Q1

Some 90.54 million handsets were sold in China in the first quarter, up 34.8 percent year-on-year. Of the total, 75.28 million were smartphones, up 141.5 percent from a year earlier, the Digitimes writes citing Analysys International research. Samsung led with a market share in terms of sales volume of 17.3 percent, followed by Lenovo with a 13.1 percent share, Coolpad with a 10.3 percent share, Huawei with a 10.1 percent share, and ZTE with a 6.9 percent share of the market.

CHINA 20 MEI 2013

Lenovo rolls out K900 smartphone with Intel in China

Lenovo has launched its K900 smartphone in China. Lenovo has selected NBA superstar Kobe Bryant to promote the K900 in its television and print advertisements and on social media sites in China and Southeast Asia. The Lenovo K900 is based on the Intel Atom Z2580 processor, a dual-core chip which runs up to 2 GHz and uses Intel Hyper-Threading technology. The device also features an Intel Graphics Media Accelerator engine running a PowerVR SGX 544MP2 GPU. The K900 is made from a composite of stainless steel

GLOBAL 2 MEI 2013

Lenovo, IBM server talks break down over price - report

Negotiations between Lenovo and IBM over a multi-billion dollar deal under which Lenovo would acquire parts of IBM's server business have broken down, people familiar with the situation told Fortune magazine. While the discussions could resume, they were halted over valuation concerns, one source said. Lenovo confirmed in April that it was in talks over a potential acquisition without providing more details. Media reports said the deal centres on IBM's x86 server business, valued at USD 2.5-4.5 billion. Len

GLOBAL 22 APR 2013

Lenovo eyes Apple, Samsung in smartphone, tablet markets

Lenovo plans to challenge Apple and Samsung's leadership in the tablet and smartphone markets, according to CEO Yang Yuanqing. In an interview with German business magazine 'Focus', he said that Lenovo was targeting overall leadership in desktop PC, notebook, tablet and smartphone markets. He said that Samsung was strong in smartphones, Apple strong in tablets and Lenovo strong in PCs, adding that he wanted to defend this position and boosts its smartphone and tablet market share with innovative products.

GLOBAL 19 APR 2013

Lenovo confirms talks about acquisition of server business

Lenovo has issued a statement saying that it was in preliminary talks with a third party in connection with a potential acquisition. This follows press reports of a possible acquisition by Lenovo of certain computer server business. The Board stressed that no material terms concerning the potential acquisition have been agreed and that it has not entered into any definitive agreement. The Wall Street Journal reported that Lenovo was in advanced talks to acquire IBM's x86 server business, citing unnamed sour

GLOBAL 23 MEI 2012

Lenovo revenue grows 54% in Q4

Lenovo Group's revenue for the fiscal fourth quarter grew 54 percent to USD 7.5 billion year-over-year. Gross margin was 10.8 percent. Operating profit rose 46 percent year-over-year to USD 102 million. Basic earnings per share for the fourth quarter was USD 0.0065. Lenovo's board of directors declared a final dividend of USD 0.0129 per share for the fiscal year ended March 31. For the tenth quarter in a row, the company was the fastest growing among the top four PC vendors, with worldwide PC shipments up 4

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.