Lenovo has released its first quarter results, and the numbers offer a glimpse on how PC sales has been  growing for this year. The number one PC brand saw a decline in revenue consistent with global PC drop, recording US$10.1 billion, a 6% decrease, silver lining is that income increased by 297%  to US$206 million. Sales has been increasing over the previous three months.

Overall PC sales were down 4.1% and tablet shipments fell 11.1%, while server industry shipments were essentially flat with smartphone markets growing significantly slower at just 0.7 percent.

“Although the macro-economy and our industries remain challenging, causing a decline in our revenue, we significantly improved our profit year-on-year through innovative products and strong execution.  Our PC business delivered strong profits and our smartphone business stabilized compared to last quarter,” said Yuanqing Yang, Chairman and CEO of Lenovo.  “Going forward, in PCs we will focus on high growth segments and leverage industry consolidation to resume growth.  In smartphones, we will leverage innovative, differentiated products and continue to shift to higher price bands to drive growth and turn around this business.  In data centers, we will continue to expand in hyperconverged technology, and improve profitability in the hyperscale business.”

Lenovo shipped 13.2 million PCs in the quarter and continues to make steady progress towards its goal of achieving 30 percent worldwide PC market share.  Asia Pacific business saw continued PC market share gains, up 0.4 points to reach 16.4 percent. The mobile business outgrew the market in key countries, including India and Indonesia, while the data center group continues to work on improving profitability. New leadership and business management systems in the data center business delivered stable revenues