Lenovo is apparently the new superstar of the PC industry, constantly shipping new and critically acclaimed devices and increasing their marketshare worldwide. Their latest financial report shows this trend continues and Lenovo has even overtaken Apple in the US.
Lenovo has been on some sort of winning streak lately, being the only PC OEM showing strong gains, revenues and profits in a market that's rapidly declining. Not only that, but its devices have received constant praise from industry watchers and consumers alike.
This latest financial report covers Lenovo’s Q4 of its fiscal year that ended March 31st 2014. According to the data, the company saw a very strong fourth quarter and also had a record setting year in terms of revenue and earnings.
During the past fiscal year Lenovo shipped 55 million PCs, 50 million smartphones and 9.2 million tablets. In terms of the “Tablet + PC” category that's an 18 percent increase compared to last year which is 13% above market.
The manufacturer has also had a great year in terms of revenue and earnings. Revenue was up 14% year over year reaching $38.7 billion, while earnings increased by 29% year over year to $817 million.
The company claims it has outsold Apple in terms of PCs in the Americas, leading it to become the number three manufacturer of PCs in the US with 10.8% marketshare, after Dell and HP.
Lenovo has also seen massive gains of PC shipments in Europe, the Middle-East and African regions, with a combined increase of 33% during Q4. This accounted for 27% of the company’s worldwide sales.
Finally you may remember that Lenovo has also recently purchased Motorola, and the company has $3.5 billion in cash reserves; so it’s a very safe bet to assume it will push its smartphone and PC business even further this year.