Lenovo ships 76 million smartphones for the year, remains the third largest global manufacturer

Lenovo ships 76 million smartphones for the year, remains the third largest global manufacturer
Lenovo reported its fiscal fourth quarter earnings today, remaining the third largest global smartphone manufacturer. For the January through March period, the company shipped 18.7 million devices netting revenue of $2.8 billion. That figure includes tablets and Android TVs. Motorola contributed to the strong period with 7.8 million branded units shipping in the quarter, a gain of 23.6% over last year's figure. Motorola branded handsets accounted for $1.8 billion of Lenovo's top-line mobile products revenue.

Motorola products are being slowly added to Lenovo's offerings in China, and the division is expected to turn profitable sometime in the next four to six quarters. Lenovo itself is in the midst of expanding its smartphone sales globally. China did account for a majority of smartphone shipments for the fiscal year with 45 million units, or 59% of Lenovo's handsets in transit, landing in the country. But the 31 million smartphones shipped outside China resulted in a massive 450% gain year-over-year. Overall, Lenovo shipped 76 million smartphones for the fiscal year allowing it to remain the third largest smartphone manufacturer in the world.

In the tablet sector, Lenovo shipped 12 million units for the year, a 26% gain over the last fiscal year's figure. Lenovo says that it owns 5.1% of the global tablet market.

source: Lenovo via AndroidCentral

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