Lenovo bucks global PC sales trend

The company’s net profit for the April-to-June period came in at a better-than-expected $174 million, up from $141 million a year ago, boosted by the doubling in the sale of mobile devices.

In a statement announcing the results, Lenovo said it had outperformed the global PC market, which saw sales fall eleven percent during the period, from a year earlier. Lenovo's desktop PC shipments were flat compared with the previous year. However, for the first time, Lenovo's combined sales of smartphone and tablets overtook its PC sales during this quarter. Sales of smartphones, tablets and other mobile devices more than doubled from the same period last year.

According to the firm, it is now the second-biggest smartphone seller in China, with shipments increasing by 121 percent from last year. Lenovo has said it is also expanding into other emerging markets. It beat ZTE to become the world's fourth-largest smartphone firm in the April-to-June period, behind Apple, Samsung Electronics and LG Electronics, according to research firm IDC.

Meanwhile, laptop sales, which Lenovo says account for 53 percent of its revenue, rose by 4.7 percent.