Lenovo Announces Record Q3 Results On Strong PC Sales Worldwide

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Lenovo Group today announced their record financial results for its Q3 ended December 31, 2013. The quarterly revenue was US$10.8 billion, a 15 percent increase year-over-year, passing the US$10 billion milestone for the first time ever. Despite the slow down in the PC industry, Lenovo has shown strong growth in the PC segment. It continued to expand lead as number one PC maker with 18.5% market share. Lenovo’s PC shipments for the third fiscal quarter were 15.3 million units. This is a great example for other Windows OEMs who blames Windows for their declining sales. Strong product portfolio and great execution will drive growth as you can see from the Lenovo’s results.

From Lenovo’s press release,

For the third straight quarter, Lenovo was the world’s largest PC vendor*, with its highest-ever quarterly market share of 18.5 percent, up 2.4 points year-over-year. Record high share in EMEA, Asia Pacific and China with number one positions in five of the seventh largest PC markets globally – supported this strong performance. Lenovo’s PC shipments for the third fiscal quarter were 15.3 million units, again making it the fastest growing of the top five PC vendors. This was also the 19th quarter in a row that Lenovo outperformed the industry as a whole, growing at a 14 point premium to the market.

During the third fiscal quarter, Lenovo’s Laptop computers were the largest contributor to the Company’s revenue worldwide, generating 50 percent of Lenovo’s total revenue. Across the industry, laptop shipments were down 6.3 percent year-over-year. Despite this challenging environment, consolidated sales for Lenovo’s laptop PC business worldwide in the third fiscal quarter totaled US$5.4 billion, an increase of 11 percent year-over-year. The Company gained 2.7 share points and achieved a market share of 18.8 percent. During the third fiscal quarter, the Company announced the Lenovo A10, an affordable, ultra-portable, dual-mode laptop and the Company’s first to run Android 4.2 OS. Weighing less than 1kg and measuring just 17.3 mm at its thickest point, the Lenovo A10 is one of the thinnest and lightest consumer laptops in the market today.

Lenovo’s Desktop PC shipments grew 9.1 percent worldwide year-over-year during the third fiscal quarter, compared to an overall industry decrease of about 3 percent. As a result, Lenovo gained 2 share points year-over-year and achieved a market share of 18 percent. Consolidated sales of Lenovo desktop PCs in the third quarter increased by 12 percent year-over-year to US$ 3.2 billion, or 29 percent of the Company’s total revenue. During the quarter, Lenovo announced four new all-in-one desktop PCs, extending the Company’s lead in that competitive product category. Featured was the super-widescreen Lenovo B750, with its 29” display. According to IDC, Lenovo is number one in the worldwide AIO market, across both the consumer and commercial segments.

Source: Lenovo

 



About Author

Pradeep, a Computer Science & Engineering graduate.

  • Nham Thien Duong

    This is mostly because Lenovo is more competitive, and most other businesses blame the market (Sony) or Windows 8 (H.P.) but Lenovo simply knows how to sell, other Chinese companies (Taiwan Province) like ASUS and Acer also sell well, it’s mostly marketing and knowing your market.

    • Bugbog

      Acer isn’t selling well, in fact they are currently the ‘HTC’ of the PC world!

      • FateStayNight

        Hey now, I owned an Acer w510! It was one of the best tablets back then. It was more responsive than the dell latitude 10e, I can tell you that! Its just that most OEMs seem clueless about the selling points of a windows 8 tablet and their sales people are no help at all. If you’re a buyer and you see a salesperson fumble with the device because they’re unfamiliar with the interface they’d move on. I think lenovo is doing a great job of making and selling products because they really think about what the users would use it for. That flap at the back of the miix8 to uncover the camera without having to flip the cover is a fine example. I should have gotten that instead of the dell venue 8 pro, but the venue 8 pro is still good.

        I look forward to tablets and phones with intel’s upcoming 3d camera technology. I look forward to 3d scanning objects with just my phone or tablet without having to buy a separate 3d scanner. So much to look forward to!

  • donzebe

    The result of great innovative products back by a strong customer support.

  • Christoffer Callegård

    I think this is a great company, continuing, fighting and gaining market share, even tho the market is shrinking, and other speak of giving up. Leonovo might be on to something worthwhile since there will be a need for traditional PCs for quite a while longer. I don’t see traditional PCs disappearing anytime soon since it’s still the form factor giving most productivity.

    Edit:
    Just noticed that the slogan of Leonovo is “for those who do”, while not really great, it seems to emphasize what I was going for, that it’s for those who strive to be productive.

  • Tips_y

    Congratulations to Lenovo! More power to you!
    We would appreciate it very much if perhaps you can now gift us with nice WP8.1 devices hitting maybe three levels of the market: High, Mid, and Entry Level. Thanks!

  • RicardoDawkins

    I want those new Lenovo Miix 2

  • reKitab

    The PC is ideal for the home and office, for a multitude of reasons. Lenovo is no fool, imho!

  • maverickohan

    They are making better products … I just bought the ThinkPad 8 and it is by far the best 8″ Win8 Tablet!