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•Lenovo Greater China posted US$1.7 billion in consolidated sales in the first fiscal quarter, up 22 percent, with growth of 17 percent in PC shipments. Despite the impacts from the devastating Sichuan earthquake and floods, Lenovo continues to lead the China market with a share of 27.9 percent on the strength of sales across product lines. The Greater China business accounted for 41 percent of total sales in the quarter.
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The Americas accounted for US$1.1 billion in consolidated sales, or 26 percent of total sales. The performance of Lenovo’s relationship business in the United States was impacted by continued weakness in the economic environment. However, the continued roll-out of transaction business in the United States drove the Group’s PC shipments to grow in line with the market.
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In the Europe, Middle East and Africa region (EMEA), shipments increased 26 percent in the first fiscal quarter, driven by solid market growth and Lenovo’s strong performance in the desktop market and transaction business. For the same period, consolidated sales totaled US$904 million, or 21 percent of total sales.
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Shipments for the Asia Pacific business (excluding Greater China) increased 11 percent in the first fiscal quarter. Consolidated sales in Asia Pacific totaled US$497 million in the first quarter, or 12 percent of total sales. To better capture the growth opportunities and improve performance in the India market, Lenovo has introduced improved business processes and strengthened leadership.
PRODUCT OVERVIEW
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Lenovo’s Notebook computers continued to be the largest contributor to total sales. Notebook shipments in the first fiscal quarter were up 33 percent year over year, and consolidated sales grew 17 percent to US$2.4 billion, or 57 percent of total sales for the quarter. Growth was driven by increased adoption of notebook PCs worldwide and an expanded portfolio of Lenovo products introduced to meet growing demand.
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In the first fiscal quarter, Lenovo’s Desktop shipments rose 3 percent year-over-year. Consolidated sales increased 3 percent to US$1.7 billion in the quarter, or 41 percent of total sales. The Group continues to gain share in the worldwide desktop market.
