Lenovo Turns Profit on Smartphone Turnaround, Strong PC Sales

[TaiShang]

Lenovo Turns Profit on Smartphone Turnaround, Strong PC Sales

By Jason Tan

A Motorola smartphone launch event in Moscow on June 27, 2017. Photo: VCG

The world’s top PC-maker Lenovo Group Ltd. swung back into the black in the last quarter of 2018, helped by strong computer shipments and its smartphone business turning a profit for the first time since 2014, the company said Thursday.

Lenovo reported a net profit of $233 million for the three months ending Dec. 31, against a loss of $289 million in the same period a year earlier, according to its latest earnings statement. Revenue rose 8.5% year-on-year to $14 billion, the highest in four years.

https://www.caixinglobal.com/2019-0...one-turnaround-strong-pc-sales-101382263.html

 

[rott]

Lenovo Turns Profit on Smartphone Turnaround, Strong PC Sales

By Jason Tan

A Motorola smartphone launch event in Moscow on June 27, 2017. Photo: VCG

The world’s top PC-maker Lenovo Group Ltd. swung back into the black in the last quarter of 2018, helped by strong computer shipments and its smartphone business turning a profit for the first time since 2014, the company said Thursday.

Lenovo reported a net profit of $233 million for the three months ending Dec. 31, against a loss of $289 million in the same period a year earlier, according to its latest earnings statement. Revenue rose 8.5% year-on-year to $14 billion, the highest in four years.

https://www.caixinglobal.com/2019-0...one-turnaround-strong-pc-sales-101382263.html

They are the top PC makers now?

 

[TaiShang]

They are the top PC makers now?

Yes, they got 22.5% share in global market, landing in the first spot. But, Dell-HP combined still occupy about 37%.

 

[rott]

Yes, they got 22.5% share in global market, landing in the first spot. But, Dell-HP combined still occupy about 37%.

Who's got the second spot? Dell or HP? And their market share of the second spot?

 

[Nilgiri]

@rott

What is your opinion overall on smartphone quality-price ratio between Huawei, Lenovo and Xiaomi?

I am looking to replace one of my legacy phone accounts (soon to be shut down as canada stops CDMA) with a smartphone...and I can either just go Samsung like my other one...or I can try something new.

 

[oprih]

Another Chinese tech giant having good fortunes. meanwhile murica's apple continues to nosedive while samsung is close to being overtaken by the better Huawei.

 

[rott]

@rott

What is your opinion overall on smartphone quality-price ratio between Huawei, Lenovo and Xiaomi?

I am looking to replace one of my legacy phone accounts (soon to be shut down as canada stops CDMA) with a smartphone...and I can either just go Samsung like my other one...or I can try something new.

I'd take Huawei over any brand any day. Next would be Oneplus/oppo/vivo or Xiaomi.
Go for Huawei mate 20 pro. It'll eat IPhone for breakfast, lunch and dinner and even supper.

Lenovo had good phones. I remember me owning their first batch with K series. Then they lost it midway. Not sure how they stand now.

 

[Nilgiri]

I'd take Huawei over any brand any day. Next would be Oneplus/oppo/vivo or Xiaomi.
Go for Huawei mate 20 pro. It'll eat IPhone for breakfast, lunch and dinner and even supper.

Lenovo had good phones. I remember me owning their first batch with K series. Then they lost it midway. Not sure how they stand now.

OK thanks bro, thats what I thought too.

 

[GS Zhou]

What is your opinion overall on smartphone quality-price ratio between Huawei, Lenovo and Xiaomi?

It depends on your buying criteria. If you more focus on quality-price ratio, Xiaomi is a better choice. For a similar performance phone, Xiaomi is always priced lower than Huawei. I'm a Huawei phone user, my wife is a Xiaomi phone user, hence I sense the difference.

However, if you want the best performance phone, but less care about the price, Huawei is the choice.

 

[TaiShang]

Who's got the second spot? Dell or HP? And their market share of the second spot?

HP (~21%) and then Dell (~16%).

ACER and ASUS (6.1 and 6%), come fifth and sixth.

So, Greater China altogether is about 35% of global market.

Interestingly, 2018 is the first time PC sales grew in the past six years.

 

[Han Patriot]

Another Chinese tech giant having good fortunes. meanwhile murica's apple continues to nosedive while samsung is close to being overtaken by the better Huawei.

It's not good fortune, it's just basic money management. Chinamen are good in turning around these over spendrift western companies. Look at how Lenovo turned IBM PC business around. Geely turning Volvo around.

 

[Adam WANG SHANGHAI MEGA]

Mine,Lenevo thinkpad E470