Lenovo today said it surpassed Apple in PC shipments in the U.S. market during the fourth quarter of fiscal 2014.
The Chinese device vendor is considering the U.S. as a critical market. Lenovo achieved the number 3 position for the first time with 10.8 percent PC market share in the U.S.
The company is also investing in its fast growing Brazil and Latin America businesses. It does not talk about Indian PC market, where it has a strong presence.
Lenovo’s Q4 PC shipments in the Americas increased 18 percent in a market that fell by about 8 percent. Lenovo gained 2.5 percent in market share at 11.4 percent. Consolidated sales grew 23 percent to approximately $2 billion in the fourth quarter. America’s revenues represented 21 percent of Lenovo’s total worldwide sales.
Total sales for Lenovo’s laptop PC business in the fourth fiscal quarter increased 16 percent to $4.8 billion, accounting for 51 percent of overall sales. Lenovo’s laptop PC shipments increased 12.9 percent, while overall industry decreased 5.8 percent.
Lenovo said its desktop PC shipment grew 6.8 percent. Lenovo’s desktop PC sales rose 14 percent to $2.7 billion, or 29 percent of the company’s overall sales.
Lenovo China reported $3.1 billion Q4 revenue accounting for 33 percent of its worldwide sales. Lenovo has 32.6 percent share in PC market in China.
In the Asia Pacific region, Lenovo PC market share rose 2.1 points to 15.6 percent.
Lenovo grew its PC shipments in Asia Pacific by 14 percent with $1.7 billion in revenue. Lenovo said it remained number one in Japan with shipment growth of 35 percent.
The company achieved 15.8 percent share in EMEA by adding 4 share points. EMEA contributes 27 percent of Lenovo’s total worldwide sales.
Lenovo’s PC and tablet shipments rose 18 percent to 64 million, up nearly 18 percent. Lenovo total device shipments rose 37 percent to 114 million.
Lenovo Group said its full year revenue rose 14 percent to $38.7 billion, while earnings rose 29 percent to $817 million.
InfotechLead News Team