Telecom Lead Asia: Lenovo said it is now the second
largest mobile phone vendor in China.
Lenovo’s smartphone gains assisted the company to improve
its overall mobile phone business by 5.1 percent share year-over-year to reach
9.8 percent market share in China in the quarter.
Globally, Lenovo’s smartphone shipments increased 44
times year-over-year, helping the company achieve smartphone market share of
Lenovo’s Mobile Internet Digital Home (MIDH) group
reported that sales increased 173 percent year-over-year during the first
fiscal quarter to $587 million, comprising 7 percent of the company’s total
During the first fiscal quarter, Lenovo announced its
latest tablet, the IdeaTab S2109, designed for entertainment with features like
four SRS surround-sound speakers.
Lenovo China recorded $3.5 billion in consolidated sales
in the first fiscal quarter, an increase of 24 percent year-over-year, and
accounting for 44 percent of the company’s worldwide sales.
In the Asia Pacific/Latin America region, consolidated
sales totaled $1.7 billion for the first quarter, or 21 percent of the
company’s worldwide sales. Lenovo recorded double-digit market share in the
region with 11 percent, gaining 4.4 share points year-over-year.
In India, Lenovo recorded 17 percent share while growing
more than five times faster than the industry as a whole there.
In Europe Middle East/Africa, consolidated sales
increased 62 percent year-over-year during the first quarter, to US$1.6 billion
in consolidated sales, or 20 percent of the Company’s worldwide sales.
North America consolidated sales totaled $1.2 billion
year-over-year for the first fiscal quarter, an increase of seven percent
year-over-year, comprising 15 percent of the company’s worldwide sales.
Lenovo Group reported sales of US$8 billion, up 35
percent in first fiscal quarter ended June 30, 2012.
Lenovo’s first quarter net-income increased 30 percent
year-over-year to $141 million.
Yang Yuanqing, Lenovo Chairman and CEO, said that its
businesses in emerging markets outside of China, its consumer business and MIDH
business all achieved rapid expansion, providing the balanced pillars to
support our overall performance.