Lenovo has reported quarterly revenue of US$10.8 billion in their third fiscal quarter that ended December 31st, 2013. The record revenue say a 15% increase year-over-year and earnings of US$265 million, a 30% year-over-year. The company has announced that they have shipped a record 32.6 million devices in the quarter with 17.3 million smartphone and tablet shipments and 15.3 million PC shipments.
Smartphones and Tables accounted for US$ 1.7 billion revenue, representing 16% of the overall revenue. It is currently the world’s largest PC vendor according to IDC reports. Since Sony is all set to sell off their Vaio PC division, Lenovo would continue to remain at the top. Out of 17.3 million smart devices, it shipped 13.9 million smartphones and stands at the fourth place in the Q4 2013 IDC rankings with 4.8% market share. It sold 2 million smartphones outside China for the first time.
It shipped 3.4 million tablets, a 300% increase year-over-year. Tablet sales was driven by Yoga Tablet, the world’s first multimode tablet.
Lenovo acquired IBM server and Motorola recently. “These businesses will quickly begin contributing to our performance and develop into pillars for long-term, sustainable growth.” said Yang Yuanqing, Chairman and CEO of Lenovo. These are logical next steps in the successful “PC Plus” strategy, said the company.