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Lenovo Delivers Solid Revenue Growth of $11.8 Billion in Q2 FY 2017/18
November 2, 2017 | Business WireEstimated reading time: 5 minutes
Lenovo’s Mobile Business Group (MBG), which includes Moto and Lenovo-branded smartphones grew revenue slightly year-over year, and a notable 19% quarter-to-quarter, driven by strong momentum for Moto-branded smartphones and the third consecutive quarter of growth. Both Moto G and Moto E models saw year-over-year demand increase significantly, while Moto Z activation increased 18% quarter-to-quarter. The attach rate for Moto Mods improved to 37%, up from the previous quarter’s 30%.
Worldwide, Lenovo shipped 15.3 million smartphones, a 10% increase year-to-year and a 37% increase quarter-to-quarter. Included in this total increase were strong performances in Western Europe (shipments up 71%), Latin America (up 69%) and North America (up 67%). In Latin America, Lenovo achieved record market share of 17.7%, growing by 6.5 share points year-over-year.
Lenovo continued its strategy of protecting its leading position in Latin America by expanding share and improving profit there, while attacking in mature markets such as North America, where we gained 1.7 share points year-over-year, and in Western Europe. Lenovo also continued to pursue healthy growth in key emerging markets such as India, where we grew 14% year-over-year and 83 percent quarter-to-quarter.
About Lenovo
Lenovo is a US$43 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and data center technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode Yoga brands), workstations, servers, storage, networking, software (including ThinkSystem and ThinkAgile solutions), smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps.
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