From CNET: Lenovo continues to buck the trend of higher PC sales in a slumping market as it also grows stronger in the smartphone arena.
For the fourth quarter ended in March, the world's No. 1 PC maker reported a 16 percent jump in laptop sales to $4.8 billion. That number accounted for 51 percent of total company revenue. Over the same time, Lenovo's laptop shipments rose by 12.9 percent versus a 5.8 percent downturn for the industry as a whole.
Sales of desktop PCs grew by 14 percent over the same quarter a year ago to hit $2.7 billion, 29 percent of the company's total worldwide sales. Desktop shipments rose by 6.8 percent, standing out from an industry drop of 3.1 percent.
Last year Lenovo finally surpassed HP as the world's top PC vendor, according to IDC and other reseachers. But with the worldwide PC market hardly at its best, Lenovo has been expanding its presence in smartphones and tablets.
During the quarter, smartphone shipments rose by 59.4 percent, surpassing the global market by 28 percent, according to Lenovo. Tablet shipments hit 9.2 million units. Sales in the company's Mobile Internet and Digital Home product line (which includes phones, tablets, and smart TVs) soared by 71 percent to $1.3 billion from a year ago, grabbing 13 percent of overall revenue.
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