Now number three in smartphones, Lenovo reports a strong fiscal second quarter

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.

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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8 Comments

1. Guti986

Posts: 78; Member since: Dec 26, 2013

I'm really anxious to see what happens :D

2. isprobi

Posts: 797; Member since: May 30, 2011

I have not owned a Motorola phone in a while. But the latest Lenovo phones I have seen look much nicer than Motorola's boring designs. Maybe Lenova can bring some high-end phones to USA.

7. needa

Posts: 205; Member since: Jun 30, 2014

a matter of opinion i guess. i would say may moto can show lenovo how to finally get away from the boring slab design.

8. skyline88

Posts: 698; Member since: Jul 15, 2013

apart from the long obsolete Razr series, nothing from Moto is as sexy as Vibe X or Vibe Z by Lenovo.

3. Penny

Posts: 1858; Member since: Feb 04, 2011

More than smartphones, Lenovo is succeeding in selling PCs and tablets. They've now reached 20% of the PC market share, and are number 1 overall if you include tablets.

4. Tziggy14

Posts: 624; Member since: Sep 02, 2014

I've never seen any brand presence of Lenovo outside of PCs and they're number 3 in smartphones how?

5. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Asia, amigo...China specifically...

6. meanestgenius

Posts: 22168; Member since: May 28, 2014

With the purchase of Motorola, the combined entity has become the #3 smartphone maker. Their smartphones are sold in China. This is due to change with the purchase of Motorola.

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