Everything’s coming up Lenovo!
The company announced their first quarter results for 2014, and the numbers are looking pretty rosy. Tablet sales are up 67% over last year, smartphones were up 39%, and Lenovo became the number one smartphone manufacturer in China.
PC shipments were up 15%, though it’s unclear what Lenovo is classifying as a PC and what they’re badging a tablet these days, as the company has led the charge on blurring the line between Windows 8 laptops and tablets. This is the fifth consecutive quarter Lenovo has led the market in PC sales, but for the first time in company history, they sold more phones than computers.
At a time where other established companies are struggling, Lenovo also saw a 13% gross profit increase over this time last year. Moving into next quarter, Lenovo believes they’ll continue to improve those numbers with their acquisitions of Motorola and IBM x86.
Full financial statement below.