Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 08 November 2013 09:40

Lenovo earnings reveal extent of smartphone push

Written by Peter Scott



Going global

Lenovo is going from strength to strength. While most PC churners are struggling to cope with the downturn, Lenovo is not only selling record numbers of PCs at higher average selling prices, it’s also making its mark on the tablet and smartphone markets.

Lenovo posted a $219 million quarterly profit yesterday, up from $162 million a year earlier. Revenue was $9.8 billion, up from $8.67 billion. The numbers were boosted by strong sales of tablets and smartphones in certain markets. Smartphones currently account for about 20 percent of Lenovo's sales, but the company hopes to get them to 50 percent over the next five years.

Lenovo Chief Executive Officer Yang Yuanqing said the ultimate goal is to sell heaps of competitive phones in emerging markets, where the average consumer can’t afford an iPhone. He said the first wave was successful in Asian markets and that Lenovo is aiming to triple the number of markets in which it sells its smartphones.

According to Forbes, over the next few quarters Lenovo smartphones will start selling in at least 20 new markets in the Middle East, Latin America and Africa. The focus is likely to remain on emerging markets but it is becoming obvious that it’s only a matter of time before Lenovo smartphones appear in western markets.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments