It’s been a promising year for Lenovo, completing a full quarter of business with Motorola under its wing. The Chinese manufacturer shipped a record 18.7 million smartphones in its most recent Q4 2014 report, making the company the third largest smartphone vendor in the world.
Lenovo brought in a revenue of $2.8 billion, which not only includes smartphones, but Android TVs and tablets as well. Motorola had a big part to play in this quarter’s smartphone figure, shipping over 7.8 million devices. For the full year, Lenovo said it shipped 76 million smartphones, the best the company has seen yet. China made up the majority of the shipments, at 44.9 million units.
In addition to smartphones, Lenovo said they shipped 12 million tablets, with a market share of 5.1 percent.
The Chinese company beat a lot of expectations, boasting a record setting revenue of $46.3 million, an increase in profit by 20% from the same period last year. They boasted a gross profit of $6.7 billion and an operating profit of $1.1 billion.
In other words, Lenovo is becoming an increasingly stronger player in the smartphone market, not only in sales, but in the products they offer as well. It wouldn’t be a far-fetched idea for their smartphone shipments to drastically increase if the Chinese manufacturer lived by the same update standards as Motorola does.
source: Lenovo
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