Lenovo Announces Strong Financial Results For Q3, Thanks To Record High PC Market Share

Lenovo Aston Kutcher

Lenovo today announced results for its third fiscal quarter ended December 31, 2014. Quarterly revenue was US$14.1 billion, a 31 percent increase year-over-year, thanks to strong PC business, x86 server (System x) investments. Last quarter, Lenovo achieved record high milestone of 20 percent PC market share.

Lenovo’s core PC business remains strong even as it drives a significant transformation and diversification with the addition of the Motorola and System x businesses. Balance has become a major strength for Lenovo: PCs now account for 65 percent of the company’s revenue, while Mobile delivers 24 percent and Enterprise contributes 9 percent. Just a year ago, PCs accounted for 81 percent of Lenovo’s business.

In the PC Group or PCG, which includes PCs and Windows tablets, Lenovo sales were US$9.2 billion with a record high pre-tax income (PTI) of US$494 million. Lenovo shipped 16 million PCs in the quarter, up 4.9 percent year-over-year, for a total market share of 20 percent. Going forward, consolidation trends favor this business. Lenovo sold its 100 millionth ThinkPad laptop PC, marking a historic milestone for this legendary brand

Source: Lenovo

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