Lenovo Showcases ‘Solid Quarterly Result’, Moto G and Moto Z are Popular Models

Lenovo’s second quarter result is disappointing when analyzed on yearly basis, but has presented a positive growth in quarterly terms. The Chinese manufacturer has recorded a revenue of $11.2 billion in the second quarter, an 8% decline when compared to the previous year same quarter. However, this is a 12% increase when compared to the last quarter.

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Lenovo’s gross profit has increased 2% year-on-year and has reached $1.6 billion. The operating profit stood at $215 million for the second quarter.

Commenting on the performance, Yang Yuanqing, chairman and CEO of Lenovo said, “Market conditions remained challenging but we delivered solid results. Our PCSD business maintained leadership and strong profitability, our Mobile business had good quarter-to-quarter volume growth and margin improvement, and our Data Center business is actively addressing its challenges.

Lenovo’s mobile phone business includes Motorola devices and Lenovo devices. They together showcased sales of $2 billion, a 12% decrease when compared to the last year. However, this is a 20% surge when compared to the previous quarter. According to Lenovo, the shipment has increased 25% to 14 million. Among both the brands, Motorola-branded phones has presented a 40% increase in the shipments when compared to the previous quarter. Moto G, Moto Z and Moto Mods are said to be the successful launches.

In Asia-Pacific, Lenovo registered sales of $1.9 billion (17% of the company’s total worldwide sales). In Europe, Middle East and Africa, Lenovo had sales of $2.7 billion (24% of company’s total sales), and in Americas, it marked a sale of $3.4 billion (30% of company’s total sales).

It scored well in PC sales, acquiring 21.5% of worldwide market share. It shipped 14.5 million PCs in the second fiscal quarter. In the case of tablets, it saw declines of 14.7% year-over-year.

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8 Comments on "Lenovo Showcases ‘Solid Quarterly Result’, Moto G and Moto Z are Popular Models"

 

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Amit Kumar Dubey
December 2, 2016 5:17 pm 5:17 PM

Lenovo cheated its customers by not providing VoLTE for almost all of their devices, I am using Vibe X3 , it was called flagship but it does not have this essential feature.

Ved
December 2, 2016 8:34 pm 8:34 PM

Ya me too using lenovo vibe x3 but no VoLTE yet ,even when band changes say from Band 40 (2300 Mhz) to Band 3 (1800Mhz) or Band 5 (850Mhz) net disconnects and then reconnects agin .This happen all the time while travelling.This is such a shit .

amit dubey
December 4, 2016 11:39 pm 11:39 PM

That’s perfectly correct, extreme hand offs, super frustrating experience, jio networks just keep on oscillating among 2300 1800 850 and forget about jio 4g voice, it just keep on initialising and calling through it is way to infinity

Akash Rajan
December 2, 2016 7:46 pm 7:46 PM

I think you will receive voLTE update within Dec..today they rolled out voLTE update to vibe k5 hope they will roll out update to k5+ and x3

Nilay
December 3, 2016 3:35 pm 3:35 PM

I am using Lenovo Vibe K5…got update on 01 Dec-2016 and soon after updation i received notification “Device is HD capable”… now can make calls from JIO Sim without JIO4GVoice App

Ved
December 2, 2016 11:21 pm 11:21 PM

Lenovo vibe k5 received VoLTE update on 12th oct.It’s been 2 months now but still no news on VoLTE for vibe X3 .Lenovo’s flagship device

Akash Rajan
December 3, 2016 6:17 am 6:17 AM

Man you are mentioning k5 note but I mentioned budget device vibe k5.. understand?

Ved
December 3, 2016 5:49 pm 5:49 PM

Ya okay thanks ,i was bit confused .

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