That said Lenovo CEO Yang Yuanqing at the presentation of the fourth quarter results of Lenovo’s broken financial year. De Luca said the change in the coming years for a “new wave of growth” care.
Lenovo saw its profits in the fourth quarter by 36 percent down to $ 100 million. That was mainly due to two major acquisitions. Revenue in the three months increased by 21 percent to 11.3 billion dollars.
For the full year, the company saw sales grow by a fifth to $ 46.3 billion from a year earlier. Net profit for the year was at $ 829 million, an increase of 1 percent compared with the previous year.
Lenovo shipped 13.3 million PCs and record number of computers in the fourth quarter. The company a market share of 19.5 percent. Over the year there were shipped sixty million PCs.
The number of smartphones that the manufacturer sold rose in the fourth quarter to 18.7 million units. Over the full year, Lenovo shipped 76 million smartphones. This Lenovo remains the third largest player in the smartphone market, behind Samsung and Apple respectively
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