Lenovo Q3 net jumps 30%, bets big on APLA region, smartphones
"We are now focussed on the PC-plus era as the future belongs to devices like smartphones and tablets. In a short period, we have seen strong sales (of smartphones) in China and we hope to see similar traction in emerging markets like Indonesia, Philippines, Vietnam and India, where we launched these devices," Lenovo Senior VP and President (Asia Pacific and Latin America) Milko Van Duijl said.
Lenovo launched five smartphones in India in November, priced between Rs 6,499 to Rs 28,499.
"We launched our smartphones in November last year in South India and Gujarat. We have received tremendous response. We are now looking at expanding sales to west and northern parts of the country immediately and pan India by June," Lenovo India Managing Director Amar Babu said but declined to comment on the numbers.
He said the company has seen strong growth across segments like consumers, enterprises and small and medium businesses.
In the global notebook segment, Lenovo's share stood at 15.8 per cent. The segment contributed 51.7 per cent of Lenovo's revenues.
Desktops and MIDH (Mobile, Internet and Digital Homes) segments accounted for 30.1 per cent and 10.7 per cent, respectively of the quarter's revenue.
The company had net cash reserves of USD 4.2 billion as of December 31, 2013.
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