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.

In November 2023, the sales of China's new power car companies were obviously differentiated, and only Ideal made a profit of 2.8 billion in Q3

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Did Lenovo make money by selling 50 million mobile phones?

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