Well it seems that the efforts that Lenovo has put in in the recent months are starting to pay off as they end their fiscal year in a positive note thanks to their strong 4th fiscal quarter outing. Also, because of their stellar Q4 performance, Lenovo managed to dethrone Apple from the third spot (in the US) in terms of PC shipment in that quarter.
Despite of the predicted decline in the global PC sales, Lenovo defied the odds and was able to push 55 million PCs worldwide over the course of the whole fiscal year. This led to a 2.1 points increase in their global PC market share, now pegged at a record-high 17.7%, which represents a 5% year-over-year growth.
But the success the company had on the PC business is just the tip of the iceberg. As indicated on their press release, Lenovo also had a pretty respectable performance both in the smartphone and tablet division which, in large measure, helped catapult their annual revenue (USD38.7 billion), full year pre-tax income (USD1.01 billion) and full year earnings (USD817 million) to new heights.
According to their data, the company managed to ship 50 million smartphones and approximately 9.2 million tablets in the span of one fiscal year. In the fourth fiscal quarter alone, Lenovo claims that they’ve “outpaced the worldwide market by 28%” due to the 59.4% upsurge in their overall smartphone shipment.
Lenovo’s solid fiscal year performance solidifies their place among the key players in the PC and mobile devices divisions, not only in America, but around the world. The key now is for them is to continue putting pressure on their rivals and show them that this kind of remarkable performance is not just a one-time thing.