Lenovo Group today announced results for its first fiscal quarter ended June 30, 2015. Quarterly revenue was US $10.7 billion, a 3 percent increase year-over-year. First quarter pre-tax income decreased 80 percent year-over-year to US $52 million. Net income declined 51 percent year-over-year to US$105 million. Lenovo saw severe challenges in its main markets. It faced significant declines in the global PC and tablet markets, as well as slowing growth and increasing competition - especially in China - in smartphones. There were macroeconomic challenges in Brazil and Latin America and large currency fluctuations, intensifying competition, which hurt Motorola's profitability in particular. Finally, Lenovo saw a rapidly shifting technology demand landscape in the enterprise business.

Despite this tough environment, Lenovo continued to deliver solid results. Its PC business reached record worldwide share of 20.6 percent. It gained share in every geography and achieved the # 3 position in the critical U.S. market, with record high share of 13 percent. Lenovo gained nearly one point of share and strengthened its #3 position in the tablet market. For the third consecutive quarter, the enterprise business had positive operating margin, before non-cash M&A-related accounting charges. In smartphones the company accelerated its shift from a carrier-focused business model in China to the open market in the rest of the world, which drove Lenovo brand smartphone volume outside China up 68 percent year-on-year.

Lenovo today unveiled the beginning of a new family of mobile workstation innovations, the ThinkPad P50 and P70, at the SIGGRAPH 2015 Conference and Exhibition. These new ThinkPad P Series systems are the best-performing and most reliable mobile workstations available and are designed to run the most demanding Independent Software Vendor (ISV) applications.

"We've built features into these machines that were previously unachievable in a notebook, making them the most versatile and highest-performing mobile workstations ever," said Victor Rios, vice president and general manager, Workstations, Lenovo. "We're focused on making sure users have the tools necessary to drive innovation. That is why we are expanding our portfolio and raising the standard of mobile workstation performance. Introducing the ThinkPad P Series unites our mobile portfolio with our existing award-winning line of tower workstations, the ThinkStation P Series."

Lenovo today announced it will begin shipping a wide selection of products loaded with Windows 10 starting July 29. Lenovo has an extensive list of products eligible for this upgrade including popular models like the YOGA 3 Pro and YOGA 500. Lenovo customers can check here for their product's eligibility.

Lenovo has worked with Microsoft Corp. to make the process of upgrading simple, for people with qualified Lenovo PC running Windows 7 SP1 or 8.1 to upgrade to Windows 10. Starting on July 29, the updates will roll out. If a user has reserved a copy of Windows 10, he/she will be notified once the compatibility process confirms that the user will have a great experience, and Windows 10 has been downloaded on their system.

Lenovo today, announced at its Accelerate 2015 Partner Forum in Las Vegas, the newest addition to the ThinkCentre Tiny business desktop family: the ThinkCentre Chromebox. Purposefully-designed for education and small business users looking to leverage the benefits of a cloud-based solution. This space-saving, one litre desktop is versatile, easy to manage and has a full ecosystem of optional accessories while Google's Chrome operating system offers a wide range of easy to use applications to learn, share, and collaborate in a highly secure environment. Furthermore, the new ThinkCentre is the first and only Chromebox on the market that can combine with the ThinkCentre Tiny-in-One to instantly offer a 23-inch all-in-one experience.

ThinkCentre Chromebox helps education institutions and small businesses who want to deploy secure and easy to manage technology within manageable budgets. The simplicity and flexibility of Chrome OS devices offer a fast and easy way to manage computing and provide access to the web's vast education and collaboration resources. Teachers and IT Managers can also take advantage of centralized device management providing asset tracking, easy deployment of new applications, system updates or enabling safe-browsing policies for users through a simple management console.

Lenovo, today introduced a refreshed lineup of its ThinkVision T Series monitors featuring the latest green certificates and a new more refined ThinkVision design. The new generation models have thinner profiles and a new LTPS (Lift, Tilt, Pivot, Swivel) stand design allowing perfect ergonomic positioning and a swivel capability for portrait mode viewing. Equal bezel width on all sides make for a seamless and improved multi-monitor set-up and a new ThinkCentre Tiny Clamp Bracket solution enables a picture-perfect desktop environment. The ThinkVision monitors continue to provide an unmatched visually-rich experience while meeting the latest environmental and regulatory standards.

The ideal companion for all Lenovo PCs, users are able to boost productivity with excellent screen quality, while comfortably adjusting the monitor to suit height, tilt, swivel and pivot angles. The lineup includes - In-plane switching 178/178 wide viewing angle models consisting of the T2424p, T2324p, T2224p, T2454p and T2224z VOIP monitor, that all tout enhanced connectivity with USB 3.0 ports, HDMI 1.4 and DisplayPort 1.2. In-place switching panels not only allow consistent wide viewing angles, but better color fidelity and improved contrast and response times. The T2224z boasts best in class VOIP experience with an integrated FHD webcam, digital microphone, and dedicated VOIP buttons including physical camera lock, mute and volume controls.

Intel Corporation CEO Brian Krzanich today announced a series of mobile platforms including the company's new low-cost system-on-chip (SoC) for phones, phablets and tablets, a global LTE solution, innovative personal computing experiences, and a range of customers for mobile device and network infrastructure offerings. With technologies that span silicon, software and security, Krzanich said Intel was one of the few companies able to deliver solutions end-to-end, for devices, the network and the cloud.

The announcements include the Intel Atom x3 processor series, Intel's first integrated communications SoC solution for the growing value and entry device markets, and the five-mode Intel XMM 7360 LTE Advanced solution, designed for performance and worldwide coverage. In addition, Krzanich highlighted joint efforts with Alcatel-Lucent, Ericsson and Huawei to address the demand for new telecommunications, cloud and data center services, improve network efficiencies, and accelerate the industry's move toward a software-defined infrastructure.

Lenovo is giving final touches to its refreshed Y50 15.6-inch performance notebook, which it plans to launch this March. The refreshed Y50 will come in three variants, two of which will feature 4K Ultra HD IPS displays, and the third a 1080p full-HD IPS display. All three variants will feature NVIDIA's new GeForce GTX 960M graphics with 4 GB GDDR5 video memory. At the heart of the three will be Intel's Core i7-4720HQ processor (quad-core, 2.60 to 3.60 GHz, 6 MB L3 cache), backed by 8 GB or 16 GB of RAM. The top-spec variant will ship with a 512 GB SSD, while the others will offer a 1 TB + 8 GB hybrid drive. Prices will start at €1120, and go up to €1400. The target market will be EMEAI, which has an appetite for 15.6-inch notebooks.

Lenovo today announced at the Bett learning technology event the latest ThinkPad 11e series available as a traditional laptop or Lenovo's innovative YOGA multimode form with its four iconic modes - Laptop, Stand, Tent and Tablet. Purposely designed to address the needs of school administrators, educators and students in K-12 classrooms, the ThinkPad 11e series with Windows provides the trusted and ruggedized build of Think-branded products paired with upgraded technical specifications such as a more efficient fan blade and latest generation processors. For an enhanced user experience, the ThinkPad 11e series is also available with an optional ActivePen which accurately mimics a user's actual handwriting on paper.

ActivePen delivers the familiarity and simplicity of using pen and paper into a digital environment. Improved pen accuracy and pressure sensitivity results in a more natural feel and buttons allow for easy access to frequently used functions. In addition to Intel's pre-loaded Education Software, which offers tools and applications tailored for a better 21st century learning experience, the ThinkPad 11e series now comes with Lenovo WRITEit and REACHit software, improving collaboration and productivity for students and educators. This powerful combination of innovative hardware and software will make taking notes, sending homework assignments and conducting group projects easier for students and teachers, equating to a more productive learning experience inside and outside the classroom.

Worldwide PC shipments totaled 80.8 million units in the fourth quarter of 2014 (4Q14), a year-on-year decline of -2.4%, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. Total shipments were slightly above expectations of -4.8% growth, but the market still contracted both year on year and in comparison to the third quarter. Although the holiday quarter saw shipment volume inch above 80 million for the first time in 2014, the final quarter nonetheless marked the end of yet another difficult year - the third consecutive year with overall volumes declining. On an annual basis, 2014 shipments totaled 308.6 million units, down -2.1% from the prior year.

Although the U.S. and Europe remained stronger than other markets, growth in these mature regions slowed from earlier in the year. Asia/Pacific (excluding Japan)(APeJ) continued to strengthen, seeing only a very slight increase in volume as a number of public projects and improving consumer demand helped stabilize the market. Similarly, commercial demand, which boosted growth earlier in the year, has slowed while consumer demand is gradually coming back. Nevertheless, the market progress has been fueled by low-priced systems, including growth of Chromebooks and promotion of Windows 8 + Bing. Constraints on Bing promotions, such as limits on larger-sized devices, could remove a key market driver while some fourth quarter production was attributed to getting ahead of holiday-related production constraints in Asia in the first quarter, effectively shifting volume from early 2015 into the end of 2014.

Lenovo today announced at the 2015 International Consumer Electronics Show its new lineup of YOGA convertibles and tablets with new technologies that take flexibility and interactivity to a new level. The family includes the thin and light YOGA 3 in 11-in and 14-in models (in a 13-in chassis) built especially for today's on-the-go and digitally-hungry consumers; the ThinkPad YOGA, optimized for businesses in a 12-in model, and a 14-in and 15-in model for pro-sumers with optional Intel RealSense 3D camera; and the 8-in YOGA Tablet 2 with Windows, featuring Lenovo AnyPen Technology, that turns nearly any pen into a tablet writing tool.

PC computing leader Lenovo today announced, at the 2015 International Consumer Electronics Show, the cutting edge ThinkPad 2015 product portfolio. Featuring the latest generation ThinkPad X1 Carbon, the world's lightest 14-inch performance ultrabook, the iconic brand celebrates 100 million units shipped and continues to build on its unique heritage enjoyed by loyal and passionate fans around the world.

Lenovo also introduced the ThinkVision X24 monitor, bringing gorgeous ultra-thin IPS panel technology to the computing workspace, and ThinkPad Stack, a unique power bank that offers mix and match interlocking accessories to maximize productivity and minimize clutter.

Lenovo and Google announced today that Lenovo's acquisition of Motorola Mobility from Google is complete. The acquisition of the Motorola brand and Motorola's portfolio of innovative smartphones like Moto X, Moto G, Moto E and the DROID series, as well as the future Motorola product roadmap, positions Lenovo as the world's third largest maker of smartphones.

Lenovo will operate Motorola as a wholly-owned subsidiary. Motorola's headquarters will remain in Chicago. With the completion of the acquisition, Lenovo welcomes the addition of a new portfolio company with nearly 3,500 employees around the world - including about 2,800 in the U.S. - who design, engineer, sell and support Motorola's outstanding devices.

Lenovo today announced a number of new products and updates to its ThinkCentre and Lenovo line of desktops designed for business users. The ThinkCentre M83 desktop PC is the newest member of the M Series "Tiny" space-saving desktops and the affordable new Lenovo E50-05 joins Lenovo's desktop tower series. In addition to these new products, the stylish and slim ThinkCentre E63z all-in-one is now available with Intel Core i3 processors for an even more responsive PC experience.

"Lenovo remains focused on expanding and improving upon its existing desktop product lines to power businesses of all sizes," said Ouyang Jun, vice president and general manager, Desktop and Visuals, Lenovo. "Our new and affordable Lenovo E50-05 tower and ThinkCentre M83 'Tiny', along with the update to our E63z, are the latest in our ongoing efforts to meet user demands for optimal performance, reliability and manageability."

Lenovo today announced more choice for consumers with the expansion of its popular YOGA line of tablets with the new YOGA Tablet 2. Consumers can now for the first time choose Windows models, available in 8-in and 10-in sizes. Lenovo is also offering new Android models in 8-in and 10-in models with the new 13-in YOGA Tablet 2 Pro.

With even more features that adapt to users like the new Hang mode and improved kickstand, these tablets give consumers a new way to do more of the things they love. Designed for today's mobile and digital lifestyles, they feature captivating audio, high resolution cameras, Intel Atom processors and dual band speed WiFi with optional 4G1 supported by the Intel XMM 7160 modem.

Lenovo today announced a new way to read, watch, connect and create with the new YOGA Tablet 2 Pro. Developed with Ashton Kutcher, who joined Lenovo as a product engineer a year ago, the new YOGA Tablet 2 Pro redefines the tablet experience. Not only does it surprise and delight users with a number of premium technologies, it delivers innovation that ties together hardware and software innovation in a new way.

Designed to focus on an elevated media experience, the YOGA Tablet 2 Pro has as its star feature a built-in Pico projector. The projector lets users turn inside walls into an instant TV or movie screen. Lenovo paired this premium technology for great video with unbelievable sound by giving the tablet a first - an 8 watt sound system with a subwoofer. These exceptional features along with a host of other technologies make the YOGA Tablet 2 Pro like no other tablet.

Lenovo today announced the new YOGA 3 Pro, an ultra slim convertible PC. The new 13-in YOGA 3 Pro uniquely address users' desires for an extremely stylish device, best-in-breed performance capabilities and the hardware and software adaptability they crave. The YOGA 3 Pro provides this and more: an unbelievably thin and light frame with new watchband hinge design, a QHD+ screen and Harmony, Lenovo's intuitive software that adapts to users' personal preferences as they use the device in its different modes.

While the YOGA 2 Pro became synonymous with thin and light, the new YOGA 3 Pro takes this concept even further by shaving 17 percent from its predecessor's frame at just 12.8 mm thin - thinner than a pencil when opened. The PC also comes in lighter at 1.19kg - 14 percent less than before - lighter than a bottle of water. The device achieves this incredibly thin and light design thanks to Lenovo's new watchband hinge constructed from more than 800 pieces of steel and aluminum. Lenovo engineers redesigned the original YOGA hinge so that it now provides the same degree of flexibility and flatness seen in metallic watch bands. Instead of two focus points, there are now six. Complementing the distinctive new hinge design, the YOGA 3 Pro is available in three eye-catching colors: Clementine Orange, Platinum Silver or Champagne Gold.

Worldwide PC shipments totaled 78.5 million units in the third quarter of 2014 (3Q14), a year-on-year decline of -1.7% and a sizable improvement over the forecast of -4.1%, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker.

Many of the trends from the second quarter remained relevant and contributed to the 3Q14 results. Commercial PC purchases played a key role in many markets, with the top three vendors - Lenovo, HP, and Dell - all showing solid year-on-year growth. Conversely, fierce competition and a spiral toward tablet-like prices helped to further consolidate the market. Shipments of entry systems, including Chromebooks, continued to inject an important source of volume and sustained improved consumer demand in certain markets over recent quarters.

Lenovo and IBM today announced that they have completed the initial closing for Lenovo's acquisition of IBM's x86 server business under the terms described in their announcement on Monday, September 29, 2014. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM retains its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.

As part of the agreement, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an Original Equipment Manufacturer (OEM) to IBM and will resell select products from IBM's industry-leading storage and software portfolio. These include IBM's entry and midrange Storwize storage product family, Linear Tape Open (LTO) products, and elements of IBM's system software portfolio, including Smart Cloud software, General Parallel File System and Platform Computing solutions.

Lenovo announced today that conditions for Lenovo's acquisition of IBM's x86 server business have been satisfied and the parties anticipate they will begin closing the transaction effective on October 1, 2014. The acquisition will make Lenovo the third-largest player in the $42.1 billion global x86 server market. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, PureApplication and PureData appliances.

"With the close of the x86 acquisition, Lenovo will add a world-class business that extends our capabilities in enterprise hardware and services, immediately making us a strong number three in the global server market," said Yang Yuanqing, chairman and CEO of Lenovo. "Now, our priorities are to ensure a smooth integration and deliver a seamless transition for customers. By combining Lenovo's global reach, efficiency and operational excellence with IBM's legendary quality, innovation and service, I am confident that we will have competitive advantages to help us drive profitable growth and build Lenovo into a global enterprise leader."

Lenovo today announced at the 2014 IFA Consumer Electronics Unlimited show in Berlin a portfolio of business and consumer devices that provide tailored solutions to some of the most common business user headaches and that delight consumers in unexpected ways.

The lineup starts with the new ThinkPad Helix, a complete business 2-in-1 Ultrabook that elevates thin and light design and takes multimode computing to the next level with the latest state of the art hardware. Lenovo also introduced two new all-in-one (AIO) tabletop PCs: the 19.5-inch HORIZON 2s, Lenovo's thinnest tabletop PC packed with premium features, plus the 21.5-inch HORIZON 2e, Lenovo's most affordable tabletop PC. In addition, Lenovo announced the ThinkCentre Tiny-in-One 23, a new way for businesses to customize a secure AIO desktop solution, and the thinner and lighter Edge 15, an ultra-sleek dual-mode laptop for consumers.

Lenovo today announced at the 2014 IFA Consumer Electronics Unlimited show in Berlin an expanded portfolio of tablets and PCs that gives consumers more options for tablets that fit their mobile lifestyle as well as choices of dedicated gaming PCs. The new lineup kicks off with the TAB S8, Lenovo's first Intel-powered Android tablet. Lenovo also announced two new high-performance gaming PCs: the Y70 Touch, Lenovo's first 17-inch touch laptop with the latest processor and graphics technology for HD gaming, and the ERAZER X315, Lenovo's latest affordable desktop gaming PCs.

Lenovo today announced the latest additions to its ThinkCentre desktop PC line designed for business users. The ThinkCentre E63z packs a blend of essential features and affordable performance into an impressively thin all-in-one form factor. Lenovo also introduced a new member of its astonishingly small "Tiny" series with the M53 desktop PC. The M53 features Intel Pentium power, wireless connectivity and the unique USB keyboard power-on technology allowing the user to power up from a keyboard. In addition, Lenovo's new high value ThinkCentre M79, available in mini tower or small form factor, includes Trusted Platform Module (TPM) 1.2 for enhanced security and enhanced remote management capability.

Designed with businesses in mind, these desktops now feature Smart USB Protection giving users or IT managers the ability to control access and usage of USB ports, and Solid State Hybrid Drive (SSHD) support to boost system performance. Also common are industry leading energy saving certifications including Energy Star 6.0 and EPEAT ratings.

Lenovo Group today reported results for its first fiscal quarter ended June 30, 2014, with quarterly revenue of US$10.4 billion, an 18 percent increase year-over-year while quarter pre-tax income increased 22 percent year-over-year to US$264 million. Earnings grew 23 percent year-over-year to US$214 million, while the Company hit market share and financial performance milestones.

Lenovo maintained its number three ranking in smart connected devices growing shipments by 28 percent year-over-year. It has been the world's largest PC maker for five consecutive quarters with its highest-ever quarterly market share of 19.4 percent up 2.7 points year-over-year, driven by big share gains in EMEA and the Americas. Lenovo's PC shipments for the first fiscal quarter were up 15 percent to 14.5 million units, the 21st quarter in a row that Lenovo outperformed the industry as a whole.

Lenovo today, at SIGGRAPH 2014 in Vancouver, British Columbia, announced the launch of the ThinkStation P Series, unveiling its vision for the ultimate in desktop workstation performance, reliability and usability. Rebuilt from the ground up, the Lenovo ThinkStation P900, P700 and P500 workstations join the entry-level ThinkStation P300, announced in May 2014, as the most powerful professional-grade desktop workstations available. Now, professionals in engineering, architecture, media and entertainment, oil & gas, medical & science, finance and other industries can arm themselves with workstation technology selected and configured to meet their needs for enhanced productivity and limitless innovation.

"After a period of intensive research, development and testing, we're excited to introduce our next generation workstations to the market, as we truly believe this is the best designed workstation ever," said Victor Rios, vice president and general manager, Workstation, Lenovo. "We built on the advancements delivered in our 30 Series workstations and engineered the P Series with new levels of innovation based on extensive customer feedback. The result for users is optimum performance, outstanding reliability and unparalleled usability that is unlike anything they have experienced."

Worldwide PC shipments totaled 74.4 million units in the second quarter of 2014 (2Q14), a year-on-year decline of -1.7%, according to the International Data Corporation (IDC) Worldwide Quarterly PC Tracker. The results reflect the smallest decline in global PC shipments since the second quarter of 2012 when declining shipments of mini notebooks combined with a surge in tablet sales to disrupt the PC market.

Buoyed by both continued business PC replacements and returning consumer interest, the preliminary results for 2Q14 are markedly better than the projected decline of -7.1% for the quarter. Despite the end of Windows XP support in early April, it appears many Windows XP migrations continue to take place. Most major vendors saw solid growth, and early indications also point to desktop shipments being stronger than expected in some areas, signaling continued business buying. The consumer side also appears stronger than expected, with growing activity among the lower-priced models as well as Chromebooks.