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Lenovo Beats Records in PC Shipments and Revenues

Lenovo had record revenue and profits

Lenovo has recently made an official financial report for the IV quarter of 2012-2013 fiscal year and the entire 2012-2013 fiscal year ended in March 31, 2013, setting several new records.

Annual sales reached a record high of $ 34 billion, it is an increase of 15% in comparison with previous year data. The maximum in the history profit has also been made - $ 635 million since the previous fiscal year, profit rose up to 34%.

The revenue for the IV quarter also reached a record high - $ 7.8 billion compared to year-to-year rate increased by 4%.

Lenovo report contrasts with the report of Hewlett-Packard, which the company released yesterday, May 22nd. HP revenue for the II quarter of 2012-2013 fiscal year, which ended April 30, compared to year-to-year fell 10% to $ 27.6 billion, and the profit - by 32% to $ 1.1 billion

According to IDC data for the I quarter of 2013, Lenovo is the second largest manufacturer of personal computers in terms of supply, and HP - first.

According to the research company, the first three months of this year, PC shipments in the global market declined by 13.9% which is a record fall of all times. In this case, HP's share fell from 17.7% to 15.7%, and Lenovo’s one increased from 13.2% to 15.3%. Lenovo stressed that they show better results than the manufacturers in the market average, the sixteenth consecutive quarter.

Lenovo results are ahead of the industry in terms of the end of the year. Lenovo computer shipments in 2012-2013 fiscal year increased by 10.2%, while total global shipments decreased by 8.1%, according to the vendor's own assessment. The growth rate for the year was higher than any of the manufacturers.

The largest share of the market belongs to Lenovo in its native China - 31.7%. Its share in North America is 9.3% and in the EMEA (Europe, Middle East, Africa) - 11.8%.

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Katerina Merzlova is a marketing manager at Sumatosoft, an Agile Ruby on Rails company developing custom web solutions for enterprise, mid-sized and startup companies. We specialize in top quality solutions on a SaaS model - CRM, HRM, ERP, etc. We're also eager to provide software development and QA services separately. We have a professional team which provides manual (functional and non-functional) and automated testing services.