Q2 results reveal best-ever quarter for PC maker

Lenovo sells four devices a second – sets new records

Lenovo has revealed its best-ever Q2 results, including a record number of device sales.

The PC maker sold 29 million devices in total, which equals almost four sales every second.

Driven by the record sales, incomes were, predictably, as record-breaking, with $265 million (£165 million) in pre-tax income, $220 million (£137 million) in earnings and $9.8 billion (£6.12 billion) in revenue – which leaves the company with net cash reserves of $2.6 billion (£1.62 billion).

For the second consecutive quarter Lenovo found itself as the world’s top PC vendor, quarterly market share growing by two points year-on-year to reach 17.7 per cent – the biggest ever share for the company.

Smartphone sales were also successful for the firm, growing by 78 per cent year-on year. Tablet sales, by comparison, grew by 4.2 times.

“Lenovo not only remains the top PC company in the world, but is also already the number four player in both smartphones and tablets worldwide and continues to grow rapidly,” said Yang Yuanqing, Chairman and CEO of Lenovo.

“At the same time, we have achieved record revenue and record profit, and improved profitability significantly.”

“We are optimistic about the industry’s outlook. Benefiting from corporate refresh and China market improvement, the PC market is recovering, and tablet growth continues shifting to mainstream and entry-level segments, as well as emerging markets. These are Lenovo’s strength areas. We are confident that we will capture these opportunities and continue our strong growth.”

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