Lenovo has a goal take number one spot within two years and dominate smartphone and tablet business markets, and they seem to be well on the way. According to research firm IDC, Lenovo was able to outsell Apple in the past three consecutive months for the first time.
By accomplishing this, Lenovo was able to grab number three spot behind HP and Dell, which is a really impressive move considering that the PC business is not really in demand as it used to be. Even at its current third place ranking, they plan to reach the number one spot with the next two years.
The chief executive of the gaming Yang Yuanqing said,”The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions”. In the last fiscal year which ended in March 2014, Lenovo was able to raise 14% profit year-on-year, with reported revenues of up to $28.7 billion. The company’s profits also rose by 29% which amounts to $817 million.