In the Asia Pacific geography, Lenovo’s revenue totaled US$1.6 billion for the fourth quarter, or 17 percent of the Company’s worldwide revenue, with operating margin of 0.8 percent, down 3.8 points year-over-year. Lenovo maintained a #1 position in PCs across Asia Pacific with 15.6 percent market share in Q4; and became #1 in PCs in AP for the full year with 17.5% market share. Asia Pacific had strong Q4 smartphone shipment growth, up 44 percent year-over-year driven by ASEAN. In the Enterprise business, build a good pipeline as it transitions to a new more flexible structure.

Lenovo’s revenue in the Europe/Middle East/Africa (EMEA) geography during the fourth fiscal quarter were constrained by the falling PC market. Revenue was US$2.5 billion, while margin was 0.2 percent. EMEA accounted for 27 percent of Lenovo’s worldwide revenue. During the quarter, Lenovo maintained its #2 position with 20.7 percent PC market share. Lenovo achieved the number 1 position in PCs across 15 EMEA countries. Smartphone shipments were up 29 percent driven by Eastern Europe, the Middle East and Africa, while the Enterprise business was impacted by sales force structure issues that were addressed in the creation of the new Data Center Group on April 1.

The Americas geography revenue was US$2.7 billion for the fourth fiscal quarter, comprising 30 percent of the Company’s worldwide revenue. Margins improved with Brazil performance stabilization having a significant impact over all. The Americas geography saw record PC market share of 14.8 percent for the quarter, driven by strong shipments in North America and Latin America. Lenovo solidified its third position in the critical US market during the fourth fiscal quarter. In Mobile the Americas suffered because the planned launch of the Moto G was delayed until Q1, while the Enterprise business was impacted similar to EMEA, by the sales force structure issues that were addressed in the creation of the new Data Center Group on April 1.

* all market share data from IDC, 1Q 2016 data set

About Lenovo

Lenovo (HKSE:0992) (PINK SHEETS:LNVGY) is a US$45 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including Motorola), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter ( @Lenovo) or visit us at www.lenovo.com.