Lenovo reported for the next quarter. Smartphone sales collapsed by 31%
Lenovo reported for the first quarter of the 2017 financial year, which ended for the manufacturer on 30 June.
Revenue in annual terms decreased by 6% and reached 10.1 billion dollars. Income before taxes increased by 297% to 206 million dollars. Net profit also increased (by 64%) to the level of 173 million dollars.
Revenue units PC & Smart Devices and Mobile fell slightly, while the division Data Center was able to increase revenue. During the quarter, the company was able to implement 13.2 million PCs, which corresponds to a 2% decrease. While Lenovo is 21.1% of the market. Tablet shipments, by contrast, grew by 3% and reached 2.5 million units.
But in the smartphone market from Lenovo is much worse. Given the success of several other Chinese companies, you can choose more vivid words. The fact that sales in annual terms fell by 31% to 11.2 million vehicles.