Menu
Lenovo sells more smartphones than PCs, net profit up 23 per cent

Lenovo sells more smartphones than PCs, net profit up 23 per cent

Lenovo has also been making gains selling PCs in markets outside of China

Lenovo's growing presence in PCs and smartphones helped the company's net profit grow 23 per cent in the second quarter.

The company reported that its net profit reached $US214 million, while quarterly revenue increased 18 per cent year-over-year to $US10.4 billion.

Although better known as a PC maker, Lenovo has been making major gains selling mobile handsets in its home market of China. It is now the country's largest smartphone vendor with a 12.5 per cent share of the market, according to research firm IDC.

The second quarter was the first time Lenovo smartphones outsold its PCs, with 15.8 million units, the company reported on Thursday.

Lenovo's handsets still aren't making as much money as PCs. Almost half its revenue came from selling laptops, while its mobile devices division, which includes tablets, accounted for only 15 percent of its total revenue in the quarter.

The company's PC business has in the past been helped by its huge presence in its home market of China. But in the second quarter, Lenovo reported that it was also making gains in PC sales to Europe, the Middle East, and Africa.

In those markets, the company's revenue reached $US2.8 billion, up from $US1.9 billion a year ago.

Lenovo, which currently ranks as the number one PC vendor in the world, is trying to expand in servers and mobile devices. Earlier this year, the company announced it would acquire Google's Motorola Mobility, and IBM's x86 server business.

Lenovo is still working with regulators to get approval for those deals.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesLenovofinancial results

Featured

Slideshows

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow exclusively introduces Tenable Network Security to A/NZ channel

Arrow Electronics introduced Tenable Network Security to local resellers in Sydney last week, officially launching the distributor's latest security partnership across Australia and New Zealand. Representing the first direct distribution agreement locally for Tenable specifically, the deal sees Arrow deliver security solutions directly to mid-market and enterprise channel partners on both sides of the Tasman.

Arrow exclusively introduces Tenable Network Security to A/NZ channel
Examining the changing job scene in the Kiwi channel

Examining the changing job scene in the Kiwi channel

Typically, the New Year brings new opportunities for personnel within the Kiwi channel. 2017 started no differently, with a host of appointments, departures and reshuffles across vendor, distributor and reseller businesses. As a result, the job scene across New Zealand has changed - here’s a run down of who is working where in the year ahead…

Examining the changing job scene in the Kiwi channel
​What are the top 10 tech trends for New Zealand in 2017?

​What are the top 10 tech trends for New Zealand in 2017?

Digital Transformation (DX) has been a critical topic for business over the last few years and IDC is now predicting a step change as DX reaches macroeconomic levels. By 2020 a DX economy will emerge and it will become the core of what New Zealand industries focus on. From the board level through to the C-Suite, Kiwi organisations must be prepared to think and act digital when the DX economy emerges in 2017.

​What are the top 10 tech trends for New Zealand in 2017?
Show Comments