Earlier today, Lenovo revealed that PCs continues to be the company’s biggest money-maker. However, and somewhat surprisingly, it sold more smartphones than it did PCs during the last fiscal quarter ended June 30, 2014.
Lenovo performed well in the tablet space, shipping 2.3 million units. This represents a 67 percent increase year-over-year, making Lenovo the third-largest tablet vendor in shipments. It also sold 15.8 million smartphones, a 39 percent increase. The Chinese manufacturer notes that this is the first time in the company’s history that smartphone sales surpassed those of its PCs.
Speaking of the PC market, Lenovo holds 12.5 percent of the PC market in the Americas, a 23.7 percent increase year-over-year. In the United States, it has a PC market share of 11.3 percent.
All in all, Lenovo chairman and CEO Yuanqing Yang is pretty happy with the company’s performance. “As the PC industry recovers, the smartphone market continues its shift from premium to mainstream, and our acquisitions of Motorola Mobility and IBM x86 proceed toward completion, we see even more opportunity to keep growing rapidly,” remarked Yang. “Lenovo continues to outperform the market and meet our commitments to improve profitability in our core businesses, while building strong pillars for future growth across our entire portfolio.”
Lenovo is pretty optimistic about its future, and with good reason. Time will tell if it can sustain this momentum.