Chairman and CEO Yang Yuanqing hails results for Lenovo after research reports in PC, smartphone and table markets show continued sales growth.
And Yang expects even more.
“IDC’s smartphone report demonstrates that Lenovo continues to have outstanding balance and strong momentum across our entire product portfolio,” Yang said in a statement issued from the company’s executive headquarters in Morrisville.
The results reflect Yang’s drive to turn Lenovo into a “PC-Plus” company, one that is diversified across a growing number of products yet doesn’t forget that PCs are its “bread and butter.”
Yang was referring to IDC statistics released Tuesday that showed Lenovo set a record for smartphone shipments in the second quarter and grew its global market share.
Earleir reports showed Lenovo strengthening its hold on No. 1 in global PC sales and strong growth in tablets.
“It has been a month of milestones,” Yang said.
WRAL TechWire Coverage of Lenovo’s “Month of Milestones:”
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- Research documents Lenovo’s dramatic tablet sales increase
- Latest report shows Lenovo still No. 1 in PCs
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Lenovo Archive: Check out nine years of Lenovo stories as reported in WRAL TechWire.
“First, record high PC share as we approach 20 percent and strengthen our leadership in that market. Then for the first time we became the number 3 tablet provider in the world, with 64 percent growth. And now, record smartphone performance in China, solid expansion outside China and global growth of nearly 40 percent have made us an even stronger number 4 player globally.”
More smartphone growth could be coming soon – if and when Lenovo’s $2.9 billion acquisition of Motorola Mobility from Google receives regulatory approval. A news story this week said Motorola Mobility was increasing sales and could be headed for profitability in 2015.
“With our continued organic growth and expansion, plus the opportunity presented by our acquisition of Motorola, pending final approvals, we are in great position to maintain our momentum,” Yang explained.
“We have tremendous balance between our core business – especially a profitable PC business – and growth engines like tablet, smartphone, enterprise and ecosystem. We expect to continue to build on these strong results.”
Lenovo is branching out into wearable devices, including Google Glass-like devices developed internally and in partnership with a N.Y. firm. Other Internet “smart” devices – part of the growing “Internet of Things” market – are on the way.
The company waits as well for government approval of its $2.3 billion IBM x86 server business acquisition.