Lenovo's net profit fell 37%

Lenovo in the IV fiscal quarter (January-March 2015) reduced its net profit by 36.7% to $ 100 million compared with $ 158 million in the same period last year. At the same time, quarterly revenue increased by 21%, amounting to $ 11.3 billion.

The decline in quarterly indicators is largely associated with expenses incurred as a result of the acquisition of third-party assets: the acquisition of unprofitable mobile phone manufacturer Motorola Mobility from Google Inc. for $ 2.91 billion and budget server business from International Business Machines Corp. for $ 2.1 billion

The purchase of Motorola made Lenovo the third largest smartphone vendor in the world. Their deliveries increased by 50% and amounted to 76 million copies. The highest demand for smartphones is in China - out of 76 million, the share of this country accounted for 59%.

The computer business, which is currently the most profitable asset of the company, also noted growth: Lenovo produced 13.3 million PCs, which is 2.7% more than a year earlier, which corresponds to 19.5% of the global computer market.
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Since the beginning of this year, the company's capitalization has increased by 32% compared with a 17% increase in the Hang Seng stock index.