Wouldn’t normally cover Lenovo’s results but IDC yesterday announced that they had overtaken HP as the world’s #1 in terms of PC shipments in Q2. HP has been #1 for as long as I can remember. Mind you that is more down to relative declines than growth.
Lenovo managed to sell more mobile devices than PCs in Q2 where that part of its business rose 105% yoy. Smartphones doubled and tablets tripled. Q2 revenues were up 10% qoq at $8.8b.
Just shows how important both the Chinese market and the mobile market are...and will increasingly be in the future.