Lenovo in the 13 th consecutive quarter showing growth, outpacing the market average. Moreover, at a time when the global PC market dipped by 7.8%, the Chinese manufacturer increased the supply of computers by 7.9%. Market share of Lenovo, has reached a historic high - 15.9%.
The results of the last quarter Lenovo was reported yesterday. Lenovo is trying to earn money on the growing popularity of smartphones and tablets. However, in the Chinese smartphone market, it just started, although the company's business as a whole is quite profitable. Revenue for the period was $ 9.4 billion - that's 12% more than the year before. Profit before taxes was a record $ 245 million, the profit rate is kept at the level of 11.8%. Net income was $ 205 million - up 34% from a year earlier. Reserves of cash balances Lenovo reached $ 4.2 billion, in other words, Lenovo proves that it can increase their share while maintaining profitability.
Last quarter, Lenovo has promised to begin selling its smartphones in Russia. Division MIDH, responsible for the production of smartphones, tablets and smart TVs, helping out in the quarter $ 998 million - a 77% increase over the same period last year. Of the 9.4 million smartphones Lenovo, sold in the fourth quarter, nine million were sold in China. Number of tablets shipped in the quarter reached 800 thousand units, that is 80% higher than the same period last year.
In annual terms, Lenovo notebook shipments increased by 9.5% and the manufacturer on the market reached 15.8%. This direction brought Lenovo 52% of revenue. Even in the desktop segment, Lenovo made successful competitor, having increased shipments by 5.8%, while the average market fell by 6.8%. Here Lenovo controls 16.1% of the world market, receiving from the sale of desktop 30% of its revenue.
The Chinese market continues to provide Lenovo's largest 43% of the company's revenue. Asia-Pacific and Latin America give the company 18% of revenue. In Europe, Africa and the Middle East, the company has managed to become the second-largest PC maker Lenovo region provides 25% of revenue. The remaining 14% of the income received in the Server Lenovo America. However, here a high proportion of expensive systems such as the latest Transformers running Windows 8. In this segment, Lenovo controls 30% of the U.S. market in the niche of more than $ 700 and 45% of the U.S. market in the segment of more than $ 900.