Bragadocious Lenovo Reports Record Year, PC Shipments Booming

Paul Lilly

Listen, anyone who claims we're living in, or are on the verge of, the post PC era clearly isn't paying attention. All one needs to do is focus on Lenovo, a company that, quite frankly, is kicking ass and taking names, and not by selling tablets and smartphones, but by hawking PCs around the globe. To wit, Lenovo's worldwide PC shipments increased 44 percent year-over-year, compared to an admittedly anemic 4.6 percent year-over-year average industry growth rate (emphasis on 'growth'), and for the tenth consecutive quarter was the fastest growing among the top four PC vendors.

Indeed, the PC sector is alive and well, and Lenovo is rolling in the dough as a result. Lenovo today announced results for its fourth fiscal quarter and full year ended March 31, 2012, noting a full-year record sales of $29.6 billion, which is up 37 percent compared from 2010/2011. It's been a remarkable run, with Lenovo beginning its 2011/2012 period as the world's fourth largest PC vendor and finishing as the second largest.

"The 2011/2012 fiscal year was a record-setting year for Lenovo, where we set an all-time high for revenue, shipment, market share and pre-tax income. Our fiscal year ended impressively with strong momentum. Lenovo’s global PC shipments grew by 35 percent year-over-year, outperforming the industry by ten times, global market share increased by three percentage points, and net profit jumped by 73 percent year-over year," said Yang Yuanqing , Lenovo Chairman and CEO. "During the fourth fiscal quarter, Lenovo was the fastest growing among the top PC vendors in Global Emerging Markets, and Commercial Markets, as well as Consumer Markets and Mature Markets, where for the first-time ever, we reached double-digit market share in both.

Lenovo's gross profit for its fourth fiscal quarter grew to $806 million, up 34 percent year-over-year. PC shipments for the entire year jumped 34.9 percent. So, what comes next and how does Lenovo go about sustaining this kind of high level performance?

"With the emergence of multiple devices such as smartphones, tablets and smart TV, our industry is entering the PC+ era. Lenovo is focused on leading the PC industry, and building upon that leadership in the PC+ era," Yuanqing added.

Image Credit: Lenovo

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