Business

Lenovo sold four devices a second last quarter — and most of them weren’t PCs

Lenovo Yoga tablet 8-inch
Image Credit: Devindra Hardawar/VentureBeat
Gaming execs: Join 180 select leaders from King, Glu, Rovio, Unity, Facebook, and more to plan your path to global domination in 2015. GamesBeat Summit is invite-only -- apply here. Ticket prices increase on March 6 Pacific!

The world’s top PC maker is also really good at selling smartphones and tablets.

Alongside its strong third quarter earnings, Lenovo said it sold 29 million devices last quarter — or four devices per secondSustaining a trend started last quarter, the majority of those devices were tablets and smartphones, not PCs.

That’s a big transition for the company, which has seen major growth in its PC business even as just about every other PC maker has floundered. As of last quarter, Lenovo claimed 17.7 percent of the PC market — a new high.

But while Lenovo’s tablet and smartphone sales have overtaken those of its PCs, it’s the company’s laptops that still bring in the most cash: Lenovo says that 51 percent of its overall revenue ($5 billion) came from laptop sales. Desktop revenue, in contrast, was $2.7 billion, representing 28 percent of overall revenue. Lenovo’s tablet and smartphone business pulled in $1.5 billion.

In all, Lenovo earned $220 million on $9.8 billion in revenue, the latter of which increased 13 percent year-over-year.

Lenovo’s earnings come a week after the company announced the Yoga Tablet, its latest experiment with modular, foldable hardware. The company also announced its latest Yoga laptops back in September, as well as its Vibe X smartphone.


VentureBeat is studying social media marketing tools. Chime in, and we’ll share the data with you.