Lenovo, the world's No. 1 PC maker, now ships more mobile devices than PCs.
The company announced that in its fiscal first quarter, which ended June 30, "combined shipments of smartphones and tablets surpassed PCs for the first time ever during the quarter, demonstrating the momentum of these two businesses," resulting in a record $8.8 billion in revenues. However, the company still makes most of its money from PCs; 52% of sales last quarter came from laptop computers. Just 14% are from mobile devices.
During the quarter, Lenovo also became the world's No. 4 smartphone supplier and grew 132%. Much of that success came from its native China, where Lenovo is the second-largest smartphone company after Samsung.
Lenovo's PC sales, meanwhile, outperformed the market, which suffered an 11% drop in shipments, year over year. While desktop sales remained flat, laptop sales were up 4.7%.During the first quarter, Lenovo became the world’s fourth largest smartphone supplier and recorded the fastest growth among the top five vendors, growing 132 percent. The company’s smartphone success was further demonstrated by its results in China, where Lenovo is now the second largest smartphone company, growing an impressive 121 percent year-over-year.