Lenovo today reported results for its financial results for the quarter ended June 30, 2014, with quarterly revenue of US$10.4 billion, an 18 percent increase year-over-year while quarter pre-tax income increased 22 percent year-over-year to US$264 million. The main highlight is that Lenovo is maintaining its position as the world’s largest PC maker for five consecutive quarters. Also they have achieved highest-ever quarterly market share of 19.4 percent* up 2.7 points year-over-year, driven by growth in EMEA and the Americas. And as expected, Lenovo’s shipment growth outperformed the industry as a whole by shipping 14.5 million units, up 15% YoY.
From Lenovo’s press release,
During the first fiscal quarter, Lenovo’s Laptop computers generated 49 percent of Lenovo’s total revenue. Across the industry, laptop shipments were down 3.7 percent year-over-year, an improvement from the year before when declines were nearly 13 percent year-over-year driven by corporate refresh and innovations in the category. Helped by this stabilizing trend, consolidated revenues for Lenovo’s laptop PC business worldwide in the first fiscal quarter totaled US$5.1 billion, an increase of 12 percent year-over-year. The Company gained nearly four share points and achieved a market share of 21 percent. During the first quarter, Lenovo announced the ThinkPad 10, a ten-inch premium multimode business tablet ideally suited for business users.
Lenovo took the number one position in Desktop PC shipments which were up 12.1 percent year-over-year during the first fiscal quarter, compared to an overall industry increase of 2.4 percent. The 1.5 share point increase year-over-year gave Lenovo a desktop market share of 17.5 percent. Consolidated revenues of Lenovo desktop PCs were up 20 percent year-over-year in the first quarter to US$3.0 billion, or 29 percent of the Company’s total revenue. During the first quarter, Lenovo introduced several new desktop PCs starting with the A Series A540 AIO (all-in-one) desktop built for families and equipped with the latest audio and video features for enjoying digital content. Lenovo also revealed its newly redesigned ThinkStation P300 entry-level workstation, featuring unparalleled flexibility, ideal for professionals who need ISV application certification hardware at a reasonable price.