HONG KONG (Yosefardi) – Lenovo Group achieved sales across Asia Pacific region of nearly US$2 billion or 15% of Lenovo’s worldwide sales.
Its operating margins declined to 1% year-over-year, mainly due to the contraction in the Japan PC market and impacts from currency fluctuation.
In PCs, Lenovo kept its #1 position with 18.9% market share, up 2.8 points year-over-year, driven by India which grew 55%.
Mobile saw strong smartphone shipment growth of 123% across the region, driven by strong momentum in India, and Indonesia, which grew by 206% and 318%, respectively.