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16 Lenovo Group Limited 2013/14 Annual Report
MANAGEMENT’S DISCUSSION & ANALYSIS
Fiscal year 2013/14 was another record year for Lenovo.
Lenovo’s clear strategy and solid execution led the
Group to achieve strong results with record performance
across all lines of business. During the year under review,
Lenovo continued to strengthen its leading position in the
industries it is in – global number one PC player, global
number two player in broader PC (PC plus tablet) market,
and global number three position in the smart connected
device category. Lenovo drove strong growth from its
dual engines of PC and mobile device businesses, and
continued to outperform the worldwide market across
PC, smartphone and tablet, to deliver strong growth
in Group’s sales and operating profits with margin
expansion.
During the fiscal year under review, the global traditional
PC industry – including traditional products such as
desktop and notebook – continued to decline due to
macro economic issues and the evolution of new form
BUSINESS REVIEW
FISCAL YEAR 2013/14 WAS
ANOTHER RECORD YEAR FOR
LENOVO. LENOVO’S CLEAR
STRATEGY AND SOLID EXECUTION
LED THE GROUP TO ACHIEVE
STRONG RESULTS WITH RECORD
PERFORMANCE ACROSS ALL
LINES OF BUSINESS, FUELING THE
CONTINUOUS STRONG GROWTH
IN THE GROUP’S SALES AND
OPERATING PROFITS WITH
MARGIN EXPANSION.