Lenovo 2014 Annual Report Download - page 10

8Lenovo Group Limited 2013/14 Annual Report
CHAIRMAN AND CEO STATEMENT
WE ARE NOT ONLY A PROVEN
TECHNOLOGY LEADER TODAY WITH A
STRONG CORE BUSINESS, BUT WE ARE
ALSO A COMPANY FOR TOMORROW –
POISED FOR CONTINUED INNOVATION,
PROFITABLE GROWTH AND
SUSTAINED SUCCESS.
During the past fiscal year, the global IT industry experienced
unprecedented changes. While strong growth continued in
new sectors such as smartphones and tablets, traditional
products such as desktop and notebook continued to
decline, though it began stabilizing as the year came to a
close. Yet even with such challenging and fast changing
conditions, Lenovo delivered record performance across all
product lines. In addition, we took bold actions to further
strengthen our company and build new pillars for growth,
positioning Lenovo to become an even stronger and more
diversified global technology leader in the decade ahead.
RECORD PERFORMANCE
During the past fiscal year, we delivered record performance
across all our lines of business. Our list of achievements
includes:
• Lenovo’s worldwide PC market share reached an all-time
high for the fifth straight year as we became the world’s
#1 PC company! Our clear strategy guided our consistent
growth, and we achieved a dream that many thought
would be impossible. If we look deeper, we see the
strength of our core PC business in every geography and
market segment.
– Our strong, balanced performance included record
setting share levels in all four geographies. Highlights
included strengthening our #1 position in China, the
world’s largest PC market, while also reaching #1 in
Brazil and double-digit share in the United States for
the first time ever.
– Also for the first time, we became #1 in both
commercial and consumer PCs during the year. We
only began our consumer PC business in 2009 outside
of China, after the economic downturn. This fast
growth is proof of our execution capability, operational
excellence and the strength of our business model.
• We again set all-time records for unit shipments and
sales, with revenue of almost $39 billion, and sales of
almost four Lenovo devices every second of every day
– all while continuing to deliver on our commitments to
improve profitability.
• We also delivered record performance in tablets and
smartphones.
– In tablets, we dramatically increased worldwide sales,
selling nearly 10 million units. Again, we showed we
can lead the way through innovation, with our new
Yoga Tablet breaking new ground as the world’s first
multimode tablet. In PCs and tablets combined, we
are already #2 in the world.
– In smartphones, we continue to have a strong #2
position in China, the world’s largest market. We also
had strong growth worldwide, expanding to 26 new
markets, and achieving double-digit share in multiple
markets. Overall, we grew almost 60% worldwide, hit
our stretch target of 50 million units, and are now #4
worldwide.
• We built a strong foundation in servers, growing volume
by 33% year-over-year. More importantly, we positioned
ourselves for even stronger future growth by increasing
investments in our infrastructure, people, and our product
portfolio.