Lenovo today announced results for its second fiscal quarter ended September 30, 2014 and the revenue was US$10.5 billion, a 7 percent increase year-over-year, while earnings grew 19 percent year-over-year to US$262 million. Lenovo had strong quarter with market share gains and profit expansion.They achieved nearly 20 percent share in PCs and became #1 in the broader PC+ tablet market for the first time. And for the sixth straight quarter Lenovo was the world’s largest PC vendor. It had its highest-ever quarterly market share of 19.7 percent up 2.1 points year-over-year.
During the second fiscal quarter, Lenovo’s Laptop PC sales at US$5.5 billion were the largest contributor to the Company’s revenue worldwide, generating 52 percent of Lenovo’s total revenue. Across the industry, laptop shipments were up 0.9 percent year over year, a marked improvement over the 12 percent decline one year ago. The Company gained 2.5 share points and achieved a market share of 21 percent. In the second fiscal quarter, Lenovo announced its newest edition of the popular ThinkPad Helix, an unmatched business two-in-one Ultrabook. The new ThinkPad Helix weighs only 2.98 pounds, and measures just 0.38 inches thick, 15 percent thinner than its predecessor.
Lenovo’s Desktop PC shipments grew 6.4 percent worldwide year-over-year during the second fiscal quarter, compared to an overall industry decrease of 2.3 percent. As a result, Lenovo gained 1.5 share points year-over-year and achieved a market share of 18 percent. Consolidated sales of Lenovo desktop PCs in the second quarter increased 11 percent year-over-year to US$3 billion, or 29 percent of the Company’s total revenue. In the second fiscal quarter, Lenovo announced new thinner and lighter HORIZON tabletop PCs at just 0.59 inches thick and weighing just over five pounds. The HORIZON 2S model shaves ten pounds off the original HORIZON 2, making it easier to carry from room-to-room or even outside the home.