Now number three in smartphones, Lenovo reports a strong fiscal second quarter
Lenovo reported its fiscal second quarter earnings on Thursday, and the company had a very strong three month period. Smartphone shipments rose 38% year-over-year, which kept the company ranked as the fourth largest smartphone vendor globally as of the end of September. Last week,Lenovo closed on its purchase of Motorola from Google, and this will move it up a spot to number three.
In the period, Lenovo sold a record 36.5 million smartphones, PCs and tablets. 16.9 million smartphones alone were sold in the quarter, including the flagship Lenovo Vibe Z2 Pro. This model features a 6-inch screen with resolution of 1440 x 2560, and is powered by a quad-core 2.5GHz Snapdragon 801 CPU.
For the most part, though, Lenovo has been happy to sell entry-level handsets to the home crowd. However, this will have to change with the acquisition of Motorola. Owning such a historic U.S. brand brings with it certain responsibilities for the North American and global markets. The company did say that it had strong growth in smartphone sales in North America during the quarter.
source: Lenovo via AndroidCentral
For the most part, though, Lenovo has been happy to sell entry-level handsets to the home crowd. However, this will have to change with the acquisition of Motorola. Owning such a historic U.S. brand brings with it certain responsibilities for the North American and global markets. The company did say that it had strong growth in smartphone sales in North America during the quarter.
For its fiscal second quarter, Lenovo reported a 19% increase in net profits to $262 million. Revenue amounted to $10.5 billion for the three month period.
source: Lenovo via AndroidCentral
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