The last quarter of 2015 ended two months ago, but the company continued to publish their financial statements. This time it was the turn Lenovo.
Lenovo has released its earnings for the quarter ended in December 2015. Q4 marked a total revenue of $ 12.9 billion, of which net profit – $ 300 million.
The mobile unit of the Chinese manufacturer has brought $ 3.2 billion in revenue, a decrease of 4% compared with the same period a year ago.
Lenovo sold 20.2 million smartphones during the period, a decrease of 18.8% compared to Q3 2014. However, the performance of the company in Indonesia and India increased by 206% and 318%, respectively.
Lenovo is now doing an emphasis on global markets and supply growth outside of China accounts for 83% of the total. Quarterly shipments Motorola also increased by 25%, making $ 2 billion in revenue Lenovo.
Lenovo cut costs by $ 1.5 billion last year, as the company aggressively fighting for even greater market share in the segment of entry-level smartphones.
The brand is also going to present «more innovative, more attractive» smartphone Motorola in July, and it will be aimed at US users.