Lenovo Reports $8.8 Billion In Revenue In Q1, Sells More Phone, Tablets Than Computers

Posted on Aug 15 2013 - 12:13pm by Karan Chopra

Lenovo

Lenovo today reported results for its first fiscal quarter ended June 30, 2013 with quarterly revenue of US$8.8 billion, a ten percent increase year-over-year while earnings grew 23 percent year-over-year to US$174 million and the basic EPS of 1.67 US cents, or 12.96 HK cents. Interestingly, the company – the top PC makers – has sold more phones and tablets as compared to computers.

The company has shipped 12.6 million units of its desktop PCs while its consolidated sales saw a drop back of 2.8 percent on year-on-year basis in the first fiscal quarter while its smartphones and tablets consolidated sales increased 105 percent year-on-year in the first quarter with generating $1.2 billion in revenue.

Photo Credit: Flickr/Cory M. Grenier

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Karan Chopra, CEO at G2One Network An Internet Media Company), Founder at 99DollarWebsite and Editor/Writer at I2Mag, JustWP.org, CodeAndMe.net, TechEXplained.org, JustInfo.Graphics, HowToWebDesign.org, NextBigProduct and WPLove.co. Karan is an internet enthusiast, who loves to explore every second thing in both technology and business. You can find him on Facebook , Twitter and Google+.