Lenovo sells more smartphones than PCs for the first time

Lenovo sells more smartphones than PCs for the first time

August 14, 2014

During this quarter, which ended on June 30, the Chinese manufacturer’s revenue grew 18% year-on-year to $ 10.4 billion.

The company’s profits have risen 23%, reaching 214 million dollars, while the firm has gained prominent positions in market share (third largest manufacturer of tablets) and has achieved an important milestone: selling more smartphones than PCs for the first time in its history.

In this first quarter, Lenovo’s PC sales have increased by 15%, reaching 14.5 million units. It was the 21st consecutive quarter in which the company has outperformed the industry as a whole, grabbing a world share of 19.4% (2.7 percentage points more than a year ago). Lenovo has remained for the fifth consecutive quarter as the first global PC manufacturer.

via Lenovo sells more smartphones than PC for the first time – Silicon News.

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