Lenovo reports fiscal 3Q15 revenues of nearly US$13 billion
Lenovo has released its financial report for the third quarter of fiscal year 2015 (April 2015-March 2016), posting revenues of US$12.913 billion, gross margin of 14.6%, operating profit of US$379 million and net profit of US$300 million.
PC sales accounted for 62.2% of revenues, smartphones and tablets 25.1%, and servers, storage devices, business-use software and services 10.1%. Among regional markets, China accounted for 27% of revenues, Asia Pacific 15%, Europe, the Middle East and Africa 27%, and North and Latin America 31%.
Lenovo shipped 15.4 million PCs globally in the quarter, with a global market share of 19.7% for consumer models and 23.4% for business-use ones.
Lenovo shipped 20.2 million smartphones under its Lenovo and Motorola brands in the quarter for a global market share of 5.1%, with 16.7 million (82.7%) shipped in overseas markets.