Lenovo announced its earnings figures for the financial year 2014-2015, with the world's third-largest smartphone manufacturer boasting increased revenue and sales figures.


In the three months ending March 2015, which Lenovo described as a "seasonally slow quarter with significant currency impacts," the company made $11.3 billion in revenue, a year-over-year increase of 21 percent.

In the smartphone segment, Lenovo announced that it shipped 18.7 million devices in the first three months of 2015, netting a revenue of $2.8 billion, which includes sales from Android TVs and tablets. Motorola's contribution for the quarter included shipments of over 7.8 million devices — up 23.6 percent from the same time last year —with a revenue of $1.8 billion. Motorola's acquisition enabled Lenovo to post a 40 percent year-on-year growth in the Asia Pacific territory. Lenovo noted that Motorola's re-introduction into the Chinese market is going as planned, with the manufacturer poised to turn profitable within the next four to six quarters.

Lenovo's smartphone shipments over the course of the financial year totaled 76 million units, with China making up a bulk of the shipments at 44.9 million units and the rest of the world coming in at 31 million units. In China, Lenovo is facing mounting pressure from the likes of Xiaomi and Huawei, which it is looking to combat with its upcoming online-only Shenqi brand of devices. In the tablet segment, Lenovo shipped 12 million units, and has a market share of 5.1 percent.

Lenovo as a whole recorded a full-year revenue of $46.3 billion, an increase of 20 percent from the same period last year, with gross profit at $6.7 billion and an operating profit of $1.1 billion. In the PC segment, Lenovo continued its strong showing with 13.6 million shipments in the last quarter, resulting in a global market share of 19.5 percent.

Source: Lenovo