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Lenovo's smartphone and tablet sales overtake its PC sales

Despite ranking as the top PC vendor
Thu Aug 15 2013, 14:05
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CHINESE COMPUTER MAKER Lenovo's global mobile sales have overtaken its PC sales, despite the firm ranking as the top PC vendor in the industry, its financial results for its first fiscal quarter of 2014 have revealed.

Lenovo's first quarter financial results announced today included a record $8.8bn in revenue and $174m net profit, an increase of 23 percent over the previous quarter.

The most notable figures, however, were Lenovo's combined smartphone and tablet sales, which overtook those of PCs, rising 105 percent in the first quarter to $1.2bn.

"Lenovo's combined sales of smartphones and tablets surpassed PCs for the first time ever during the quarter, demonstrating the momentum of these two businesses," the company said in a statement.

"During the first quarter, Lenovo became the world's fourth largest smartphone supplier and recorded the fastest growth among the top five vendors, growing 132 percent."

Around 42 percent of Lenovo's total sales come from its native China, where the company's chiefly Android based phones and tablets sell better than they do overseas.

Lenovo isn't the only OEM that has seen improvements in mobile over PC sales recently. Taiwanese firm Acer announced last week that it will shift focus towards Android and less on Windows 8 devices moving forward, after seeing better sales of mobile products, namely tablets.

"We are trying to grow our non-Windows business as soon as possible," Acer president Jim Wong told investors in a conference call.

The news came just days after Gartner released a report that established that PC shipments declined 19.8 percent over the last year in Western Europe and 13 percent in the UK.

Lenovo was the only PC maker that managed to boost sales from the second quarter of last year to the same quarter this year, with an increase in sales of 18.9 percent in Western Europe and 28.6 percent in the UK.

An International Data Corp (IDC) report released the previous week also backed up Lenovo's first quarter financial report, claiming that the firm had seen tablet shipments increase from 400,000 to 1.5 million year on year, while showing that Acer's tablet shipments also expanded, from 0.4 milion to 1.4 million in the second quarter. However, overall, IDC said that global tablet sales had slowed. µ


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