On May 23, Lenovo Group announced the fourth quarter and full year results for the 2023/2024 fiscal year. Among them, the fourth fiscal quarter performed brilliantly, with revenue of 99.4 billion yuan, up nearly 10% year on year; main business fully resumed growth, with net profit of 1.78 billion yuan, up 118% year on year; among the three major businesses, IDG's smartphone business continued its explosive trend, with shipments rising 23% year over year (11 percentage points higher than the market); and turnover increased 14% year over year (8 percentage points higher than the market).
Recently, market research agency Techinsights released the 2024 Q1 global folding screen phone market report. Lenovo Motorola achieved rapid growth with its clamshell RAZR series products, reaching an astonishing 1260% year-on-year increase, and surpassed Samsung to become the number one sales volume in the US folding screen market.
In addition to folding screen phones, Lenovo is also quickly seizing the market. Last week, it released its first AI phone, the Moto X50 Ultra. Equipped with Lenovo Xiaotian's personal smart device, it can learn and grow according to users' individual habits, and has natural language conversation, document translation, and document summarization capabilities. In addition, it is equipped with a 100x periscope tracking AI imaging system. Through the original AI engine and Moto image brain, it collaborates with a 1/1.3-inch 50 megapixel outsole OIS main camera, 64 megapixel periscope telephoto with 100x zoom, and super powerful hardware combination with 50 megapixel ultra-wide angle.