Lenovo: Motorola shipped more that 10 million phones last quarter, generated US $1.9 billion in revenues

 Lenovo Group today announced consensus-beating results for its third fiscal quarter ended December 31, 2014, showing a strong PC business and fast traction in the integration of its Motorola Mobility (Motorola) and former IBM System x, x86 server (System x) investments. Newly acquired Motorola Mobility, which Lenovo bought for $US 2.9 billion a year ago, was reported to have shipped more than 10 million phones and earnied US$1.9 billion in revenues last quarter. Hit jump for all the details.

The success of Motorola rest on the popularity of the Moto G, an globally accepted device that brings various features of more expensive flaghship devices into an affordable package with an above average battery life. Motorola also continues to make an impact with its Moto X flagship, Google Nexus 6 device as well as the Moto 360 wearable. Lenovo says that Motorola shipped more than 10 million smartphone units, up 118 percent year-over-year, adding US$1.9 billion to Mobile Business Group’s revenues. Soon to re-enter China, Motorola is on track to be profitable within 4-6 quarters of close. It looks like Lenovo made a smart buy and that Motorola really adds to the PC and mobile giant's product portfolio.

More importantly, "combining shipments of Motorola and Lenovo-branded devices made Lenovo a truly global player, the third largest vendor of smartphones behind Samsung and Apple and their most credible challenger. Together, the two brands had nearly 6.6 percent market share, up 78 percent year-on-year."

Source: Lenovo