Feeds

Yang, bam, thank you ma'am: Lenovo supremo wallops rival biz

Who's shipping shed loads of gear? We are

Top three mobile application threats

Chinese PC juggernaut Lenovo showed no signs of the wheels coming off its sales: its fiscal Q1 turnover jumped more than a third and profit growth wasn't far behind.

Turnover during the three months ended 30 June was up 35 per cent year-on-year to $8bn, and net income leapt 30 per cent to $141m. Operating profit climbed to $183m from the $123m recorded in the same period last year.

The world's second biggest shifter of computers has now outpaced its top four rivals, in terms of shipments, for eleven quarters and once again pulled a rabbit out of the hat: its unit sales are up 24 per cent in a global market that declined nearly two per cent.

"Although the economic environment is somewhat similar to the 2008-2009 downturn, Lenovo's results are much stronger because we have the right strategy and great execution," said chairman and CEO Yang Yanqing in a statement.

Lenovo has the trusty Think brand to rely on and a distribution channel that is firing on all cylinders after it committed itself to an indirect model and reduced the areas where its direct sales team plays.

Sales outside of China and the consumer and Mobile Internet Digital Home businesses were the "balanced pillars" that drove growth the hardest, said Yanqing.

In China sales grew below the company average, up 24 per cent year-on-year to $3.5bn - the slowest growth in six quarters. But it took 3.9 points of the PC pie from rivals to bag a 35 per cent market share.

Consolidated sales in Asia Pacific and Latin America grew 21 per cent year-on-year to $1.7bn and were up a whopping 62 per cent to $1.6bn in EMEA where Lenovo's integration of Medion bolstered numbers. Sales expansion in North America was more modest at seven per cent, but this was in a PC market that declined ten per cent year-on-year.

Laptops generated more than half (54 per cent) of revenues to $4.3bn, up 23 per cent on last year in a global market that was flat, and desktop sales jumped 26 per cent to $2.5bn as the market total fell four per cent.

The Mobile Internet Digital Home division, including smartphone sales, climbed to $587m. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.