Lenovo hails itself “most credible” competitor to Samsung and Apple

first_img Lenovo said that following its acquisition of Motorola’s smartphone business, it has become “a truly global player, the third largest vendor of smartphones behind Samsung and Apple and their most credible challenger”.The company said that “unlike many smaller mobile players that rely almost completely on a slowing China market”, it now sees about 60 per cent of its volume from outside of its home country, having entered 67 countries in the last two years.“Lenovo has built the scale, distribution, brand assets and IP portfolio required to compete around the world and challenge the top two players,” it said in a statement.The company also said that Motorola shipped more than 10 million units in its Q3 period to end-December, up 118 per cent year-on-year, adding $1.9 billion to revenue. With the brand re-entering the China market, Lenovo said that this business is “on track to be profitable within 4-6 quarters of close”.Combined with Lenovo’s own-brand sales, group smartphone shipments grew by around 78 per cent to 24.7 million, driven by “aggressive business expansion in emerging markets outside of China from Lenovo-brand products” as well as the Motorola increase.Lenovo’s mobile business reported a pre-tax loss for the quarter of $89 million, compared with a $2 million loss in the prior-year, on revenue which increased 109 per cent to $3.39 billion.The company also said that its global tablet market share was 4.8 per cent, with 3.7 million shipments, up 9 per cent year-on-year, powered by the launch of its latest Yoga tablet line. This unit has focused on “balancing its growth and profitability”.On a group level, the company reported a 5 per cent drop in profit attributable to equity holders of $253 million, on revenue up 31 per cent to $14.09 billion.The company’s bottom line was affected by a number of M&A-related expenses, including those related to its Motorola and System X (IBM server hardware) acquisitions. Steve Costello Google taps retail with NYC store Related Author KT makes LG Electronics trade-in move Lenovo mobile unit makes gains Previous ArticleDish defends bid tactics in US spectrum auctionNext ArticleAT&T, Verizon plan asset sales after heavy AWS-3 spending – reports center_img HomeDevicesNews Lenovo hails itself “most credible” competitor to Samsung and Apple Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Tags Devices AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 03 FEB 2015 AppleLenovoMotorolaSamsunglast_img read more

Wilson holds off McIlroy, wins Alfred Dunhill

first_imgST. ANDREWS, Scotland – Oliver Wilson held off Rory McIlroy to capture his first European Tour title with a one-shot victory in the Alfred Dunhill Links Championship. Wilson shot a 2-under 70 in the final round on the Old Course at St. Andrews as McIlroy came up just short after a bogey on the 17th hole. Wilson finished at 17-under 271, with McIlroy (68) in a three-way tie for second with Richie Ramsay of Scotland and Tommy Fleetwood of England. The 34-year old Wilson, currently ranked 792nd in the world, had finished second nine times in his 227 previous tour events, but lost his card two years ago and was competing this week on an invitation. ”It’s all really hard to believe as I have dreamed of this moment many times in my career, and in the circumstances it has happened I can’t believe it,” said Wilson, who started the day with a three-shot lead. ”So it’s a dream come true to win a tournament as St. Andrews because three, four weeks ago my career was looking pretty grim. It’s just amazing what is possible playing professional golf.” McIlroy started with a double bogey but then made four straight birdies and picked up two more shots after the turn before putting from off the green and into the infamous Road Hole bunker at the 17th. At the first hole, his ball spun back off the green into the Swilcan Burn. ”I feel I cost myself the tournament in the space of 20 yards at the front of the green at the first and over at the Road Hole bunker, with both not too far away from each other,” McIlroy said. ”They were the only two mistakes I made all day.” Ramsay had a two-shot lead after birdies at 14 and 15 but then handed the shots back with bogeys the next two to shoot 67. Fleetwood had a chance to force a playoff but missed a six-foot putt at the 18th to settle for a 68. Chris Doak of Scotland was alone in fifth place, another shot behind.last_img read more