Lenovo has had a reasonably good 2017, having reported its first double digit growth in a financial quarter in Q4 2017/18. The company is being driven by surprisingly strong PC sales, although it is being held back by restructuring efforts with its mobile division.
The Personal Computers and Smart Devices division recorded $7.7 billion in revenue for the fourth quarter, representing a 16% increase year-on-year. It’s also the biggest increase the company has seen over the last four years.
Gaming laptops appear to have contributed the most to this increase, with shipments growing by 42% over the last year. Likely due to the new Legion brand that made its debut not too long ago; and is somehow now one of the most popular gaming laptops in the market.
In comparison, Lenovo’s Mobile Business Group showed lackluster results with only $1.3 billion in revenue. The report indicates some positive growth, particularly in North and Latin America; but is still pursuing aggressive restructuring to increase profitability.
The company has also announced that the PC and Smart Devices (PCSD) business group and Mobile Business Group are being merged into the Intelligent Devices Group. It would appear that Lenovo is combining the PC and smartphone into a single entity “to better connect devices, users, applications and content.”
[Source: Lenovo]
