Lenovo reveals its annual financial results and they look quite promising

Lenovo is on a roll off late and is emerging as one of leading smartphone manufacturers globally. It has just bought Motorola from Google and that is expected to aid it in taking on the big guns to come across as the number 1 smartphone manufacturer. It has just released its financial results for the fiscal year ending March 31, 2014 and the Q1 of calendar year 2014 and it is surely looking north in the tablet, computing and smartphone arenas.

Lenovo

It made revenue of US$9.4 billion in Q1 2014 which was 19 percent more than the revenue in the same period last year. The revenue for the entire financial year stood at US$38.7 billion which was 14 percent of more than what it made in the previous year. It made a profit of US$817 million which was 29 percent more than the last year’s profit. This the best that Lenovo has ever performed in terms of revenues.

It shipped 55 million personal computers, 50 million smartphones and 9.2 million tablets in the given period. The company has also stated that its SHAREit application has over 100 million users which is quite good. It has emerged as the number 1 manufacturer in the PC arena globally with a 17.7 percent share. It’s share is marginally higher than the 17.2 percent of HP.

Lenovo has acquired IBM’s x86 Server Business and Motorola Mobility too and these acquisitions will be completed this year. It intends on investing US$50 million in IBM and wants to raise its PC margins. Seeing the fact that Motorola has struck a chord in developing and developed markets alike, it is aiming to ship over a total of 100 million smartphones and tablets. Lenovo’s presence is being felt in all the technology arenas. We haven’t heard about anything related to wearable technology from it, will we? Let us wait and watch.

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8 Comments on "Lenovo reveals its annual financial results and they look quite promising"

 

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Suvham
May 23, 2014 2:51 am 2:51 AM
Motorola is still a bigger name than Lenovo in the mobile industry. Most of the sales of Lenovo comes from China. The Lenovo name on phones simply doesn’t work well in Europe and US which is one of the main reasons for Lenovo’s purchase of Motorola. Once Lenovo takes charge of Motorola, they are mainly going to focus on these two nations with the Motorola brand but it’d be a loss for them if they miss out India, the second biggest smartphone market after China. Just hope Lenovo continues the Motorola brand in India once they come in power of… Read more »
Madhan Kumar
May 22, 2014 9:04 pm 9:04 PM

Then what about the great ONE PLUS ONE SMARTPHONE,it just beats everyone to the core.It even supports our India LTE BAND.And all that 3GB RAM- 64GB VERSION you will get for just 21k(349$).But sadly it not released in our India.May be it will be released in the near future but they will only sell it via their invite system.Or else Flipkart should take initiative to make OPO widely available in India, like the one it had achieve by selling Moto phones.

Mohit
May 22, 2014 5:02 pm 5:02 PM

Lenovo have to start with dual band(3,40) 4G lte phones in India if they want to get success.

Rama
May 22, 2014 8:36 pm 8:36 PM
*Bro I agree that 4G is important but its still not mainstream and a particular manufacturer cannot guarantee itself success by implementing 4G especially in a country like India where even 3G is not quite yet main stream.I personally think the manufacturer to achieve success in 4G in India in the initial days would be the one who is able to successfully strike a deal with Reliance Jio. *I am not sure about Lenovo’s plans and there are certain restrictions in the three biggest smartphone markets in the world which in descending order would be China U.S. and India. *I… Read more »
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