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 is an internet enthusiast, who loves to explore every second thing in both technology and business.