Did Lenovo make money by selling 50 million mobile phones?

Did Lenovo make money by selling 50 million mobile phones?
Yesterday, Lenovo announced its 2013-2014 fiscal year results. Data showed that Lenovo sold 50 million smartphones and 9.2 million tablets last year. Mobile phone sales increased by 72.3% year-on-year, and market share increased to 4.6%. It is worth mentioning that the sales of these mobile phones and tablets accounted for 13% of Lenovo's total revenue. So did Lenovo's mobile phone business make a lot of money? Lenovo CEO Yang Yuanqing gave a general answer to this: "The mobile business is no longer losing money." Yang Yuanqing has his own opinion on the issue of making money. He said that although Lenovo achieved sales of 50 million units, from a global perspective, Lenovo's share is only 4%, which is far from the target share of 10%, so profitability is not the main goal.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.

<<:  TCL acquires OMA Electric, the largest refrigerator exporter in China, and the white goods market will usher in a new round of reshuffle

>>:  NIO is sinking, sub-brands Alpine and Firefly are about to be launched, focusing on increasing sales

Recommend

Why hasn’t the PC died?

Despite the growing popularity of smartphones, tab...

Red Planet & A Group of Babies 2022 Douyin e-commerce practical operation skills

Introduction to the practical operation skills re...

Ctrip and Qunar Competitive Product Analysis Report

Which apps do you refer to when booking travel ti...

How to do social private domain marketing well?

In 2021, more and more large companies will deplo...

Bread crumbs scattered on Mars: Hansel and Gretel, please reply!

With "Martian Breadcrumbs" - an unprece...

What are the common keywords for Baidu search promotion? Keyword classification!

What keywords can I choose? Keywords are used to ...

Optimization method for Toutiao information flow advertising

Toutiao advertising optimization (taking games as...

Chrome browser also opens the Material Design style

It’s not that Google hasn’t considered giving Chr...

To do operations, you need to understand these "unspoken rules"!

In the eyes of marketers , this business world is ...

Please don't let programmers grope in the dark

I don’t know if you have ever played strategy gam...

Which city in China is the best at "Internet+"? Beijing ranks eighth

Regarding the vision of building smart cities, ma...