Chinese company Lenovo has published a report on the work in the fourth quarter of fiscal 2013, which corresponds to its accounting calendar first quarter of calendar 2014. Interestingly, Lenovo uses accounting American approach in the partition, at the three-month financial period, which does not coincide with the calendar.
Net income in the first calendar quarter of the year increased by 25% due to increased sales of PCs and smartphones. A year earlier on the item Lenovo showed $ 127 million, while in the reporting period income was $ 158 million Revenue for the period grew by 19% to $ 9.4 billion from last year Lenovo remains the number one player in the PC market. First of all, for this we have to thank the Chinese market. However, it also significantly increased sales of tablets and smartphones. Combined sales of tablets and smartphones exceeded sales of traditional PCs, and revenues from the supply of devices brought Lenovo 13% of the total.
According to the latest report of company analysts IDC, Lenovo is now the fourth largest smartphone vendor in the world. The majority of devices, however, differed in China. This year promises to be a year of preparation expansion manufacturer from China to the U.S. market and other developed markets.
Smartphone still the main revenue , which brought Lenovo in the first quarter of 2014 to 80% of the money. Particularly noted the company sales growth of branded computer systems in Europe, the Middle East and Africa. In America, according to the report, IDC, Lenovo's PC shipments for the first time exceeded the sales of Apple PCs, which allowed the Chinese brand to enter the third place in the United States.
Finally, Lenovo is awaiting approval from the regulatory authorities for approval of the deal to buy the server business to IBM. Agreement with IBM on this issue reached in January. Issue price - $ 2.3 billion