Lenovo overtakes Apple in US personal computer market

The fourth quarter also saw Lenovo’s revenue from Europe, the Middle East and Africa overtake revenue from China PC sales for the first time.

Lenovo increased smartphone shipments by 59.4pc in the three months to the end of March, outpacing the worldwide market by 28pc.

The company sold more tablets and smartphones than PCs for each of the four quarters in the 2013/14 financial year.

In total, Lenovo sold 55m PCs, 50m smartphones and 9.2m tablets throughout the year.

Yang Yuanqing, chief executive of the company, said Lenovo aims to increase sales by 69pc to 100m smartphone and tablet sales this coming year.

Lenovo also aims to be the world’s number one tablet PC maker within two years, said Mr Yang.

“The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions”, he said.

“Not only did we strengthen our leading position in PCs, but we gained three points in tablets by quadrupling sales volume and became the fastest growing major smartphone company in the world.

“This demonstrates our capability to manage both businesses that are already mature, as well as those that are shifting to maturity”, added Mr Yang.

more