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Lenovo Q2 revenue down, but claims Moto Z has iPhone momentum

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Lenovo has just unveiled its financial results for the second quarter of 2016 and it makes for some mixed reading. While year-on-year revenue has dropped by 8 percent, quarter-on-quarter profits are up 12 percent, the company says that its mobile division is on track to turn back around come the middle of 2017.

As a quick overview of the financial situation, Lenovo pulled in $11.2 billion in revenue in Q2, down 8 percent on last year. However, net income reached a healthy $157 million, a vast improvement on the $714 million loss that the company posted in Q2 2015. It’s not a pristine picture, but Lenovo’s cost saving and restructuring strategies are beginning to help its bottom line.

Mobile shipments YoY have remained mostly flat, registering 359 million in Q2 2015 and a 0.4 percent increase to 361 million in Q2 2016. While sales may not be growing, Lenovo says that it has managed to save $1 billion in mobile expenses over the past 18 months, which is helping to return the division to sustained profitability. Lenovo’s mobile division has been struggling to product a profit since its expensive aquisition of Motorola from Google, although this purchase may be beginning to pay off. This year’s Moto Z flagship seems to have been one of the company’s more successful launches, and is helping to keep the division on track.

Lenovo Q2 revenue down, but claims Moto Z has iPhone momentumLenovo expects that the Moto Z will sell 3 million units in its first 12 months, which has led the company to ramp up production to 60,000 units per month. The company suggests that the Moto Z saw similar sales momentum to the launch of the iPhone (although it doesn’t say which model) in their first three months, with the former achieving 1.06 million shipments, while the iPhone edged ahead with 1.12 million. That sounds like a pretty notable achievement for a flagship launch, and it will be interesting to see if the company keeps with its modular design for future devices now. Especially as LG has decided to ditch its modular approach after the poor performance of the G5.

“Market conditions remained challenging but we delivered solid results. Our PCSD business maintained leadership and strong profitability, our Mobile business had good quarter-to-quarter volume growth and margin improvement” – Yang Yuanqing, Chairman and CEO, Lenovo

As for its other divisions, Lenovo’s PC shipments saw a 4.8 percent year-on-year fall to 67 million devices, and the tablet market is showing an even steeper decline of 14.7 percent over the same period. That being said, PC profits actually increased by 3 percent YoY. Tablet shipments came in at just 43 million units for the quarter, suggesting the smartphones are becoming an increasingly important sector for Lenovo’s consumer electronics arm. Despite the PC and tablet markets’ continued slowdown, Lenovo is now the biggest brand in the combined market, capturing a 15.6 percent PC + tablet market share, followed by Apple on 12.9 percent in Q2.

Along with the financial statement, Lenovo has announced three new appointments to lead some of the company’s divisions. Kirk Skaugen joins as Executive Vice President (EVP) and President of Data Center Group, Laura Quatela is the new Chief Legal Officer and SVP, and Dr. Yong Rui comes in as Chief Technology Officer and SVP.

Samsung share price soars to a record high

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Despite the Galaxy Note 7 recall and witnessing the biggest drop in its smartphone market share and sales this year, the stock price for Samsung Electronics hit a record high earlier today at 1.747 million won, or just under $1,500 a piece. The surge came after the company announced a list of measures to boost shareholder value in the short term, which added $9 billion to the company’s market valuation.

Earlier, Samsung announced up to $3.6 billion in dividend payouts this year, which could add up to $256 per share. This marks a 36 percent increase in payouts over last year, and the company has committed to returning 50 percent of its free cash flow to shareholders through dividends and treasury share buybacks in 2017 as well. While this strategy is good news for investors in the short term, Samsung is burning through around $10 billion in its cash reserve to keep shareholders happy.

The company is also reviewing the proposal to split its corporate structure into two separate businesses, a move that could be another boon for its stock price and simplify the company’s structure in the longer term. The new structure would see Samsung reorganized into one holding and one operating company, however a decision isn’t expected to be made for another six months. The split was initially proposed by US hedge fund and Samsung shareholder Elliott Management, which is keeping up the pressure for a split.

The day hasn’t all gone perfectly for the electronics giant though. The US Court of Appeals has rejected Samsung’s bid for a second hearing regarding its long running case over three iOS patent infringements. Samsung originally lost the case back in 2014, which related to auto-correct, quick links, and slide-to-unlock patents held by Apple for use with iOS. Samsung was ordered to pay $119.6 million at the time, which is a lot less than the $2.2 billion that Apple requested.

Samsung didn’t receive much support from the industry on the matter, with only the Computer & Communications Industry Association filing an amicus curiae brief in support. The brief suggested that blogger conspiracy theories and political gamesmanship influenced a previous reinstatement decision, which the court doesn’t appear to have taken to kindly to.

10 best business apps for Android


It’s tough running a business. There are a ton of responsibilities. Not to mention all of the paperwork. It can get overwhelming. Thankfully, we live in the modern era which means you have more tools than ever before to help you succeed. Let’s take a look at some of the best business apps for Android.


Asana

Price: Free / $8.33 per member per month
Download on Google Play!
Asana is one of those business apps that everyone should try. It's a to-do manager that allows you to assign tasks to all of your people. You can add as many subsections as needed, assign tasks directly, and add comments as well as attachments. You can use it for free with basic features for up to 15 people or pay $8.33 per month per person for the complete package. It's simply fantastic, especially for small teams.
Download on Google Play!

Business Card Holder

Price: Free / $4.99
Download on Google Play!
Business Card Holder is a simple application that does what it says. You can use it to enter in business card information of your various clients and also your business contacts. You have to enter them in manually which is a little time consuming. However, the Material Design interface makes it a breeze to find that information once it's there. Unless your Rolodex has thousands of cards in it, this is definitely the way to go. It's also free to download.
Download on Google Play!
10 best business apps for Android

CamScanner

Price: Free / $4.99 per month / $49.99 per year
Download on Google Play!
CamScanner is a very useful tool. It essentially turns your camera into a scanner. With it, you can scan in things like invoices, business cards, documents, and other paperwork that needs digitized. It also includes an easy search for documents you've scanned in, the ability to print or fax documents (for a nominal fee), and it even comes with cross-platform syncing. In the digital age, an app like this can be useful and invaluable. You can also download an app like Adobe Acrobat (which lets you digitally sign PDF documents) and you'll be able to handle every document out there without a problem.
Download on Google Play!
tasks to all of your people. You can add as many subsections as needed, assign tasks directly, and add comments as well as attachments. You can use it for free with basic features for up to 15 people or pay $8.33 per month per person for the complete package. It’s simply fantastic, especially for small teams.” video=”https://www.youtube.com/watch?v=nrzMJ2IssvI”][/aa_best_app]


Evernote

Price: Free / $3.99-$7.99 per month / $34.99-$69.99 per year
Download on Google Play!
Evernote is an excellent app for getting stuff done. It's essentially a note taking app that allows you to add stuff like images, video, audio, lists, and more. On top of that, you can share those notes with collaborators. This is a great way to stay organized and transfer information between a team of people. As an individual service, it's not so great anymore. Adding this to your collection of business apps does help justify the cost some. It has two pricing tiers with a $3.99/month and a $7.99/month option.
Download on Google Play!

Google Drive Suite

Price: Free / Varies
Download on Google Play!
Google has a delightful suite of office oriented apps joined under the Google Drive banner. You'll have support for documents, spreadsheets, presentations, PDFs, images, and a whole lot more. They are all also cross-platform supported so you can use them on the web or on mobile. Because of this, it's a great one-stop shop for all of that basic office stuff. Google Drive itself is a cloud storage app that gives you 15GB for free or you can pay for more. It also all integrates into Gmail and Google Calendar. They are powerful business apps and also almost entirely free.
Download on Google Play!

See also:

The best Android apps, ever!

3 weeks ago

Google My Business

Price: Free
Download on Google Play
Google My Business helps you make your business visible on Google Search and Google Maps. This is important because that's pretty much how people find out about stuff these days. The app lets you update facts about your business like your hours of operation, name, and address. You can even manage multiple locations if need be. It's a small thing, but a lot of people are going to run into you on those services. Because of this, it's important that your business looks good there.
Download on Google Play
10 best business apps for Android

Microsoft Office Suite

Price: Free / $6.99 per month
Download on Google Play
Microsoft has a suite of apps similar to that of Google Drive. You'll have the name brand stuff like Microsoft Word, Excel, and PowerPoint on both mobile and on the web. An Office 365 subscription also nets you cloud storage on Microsoft OneDrive as well as additional tools. On top of that, business apps like Office Lens can provide additional functionality for your everyday business life. It's a lot more complex than Google Drive, but it also costs a little bit more as well.
Download on Google Play

PayPal

Price: Free
Download on Google Play!
Every business has to deal with money and PayPal can help with that. A ton of businesses use PayPal to manage transactions and invoices. Sometimes, it's also even used to pay employees. You can set up a business account where you can accept payments and also make them. The mobile version comes with fingerprint support, the ability to check your PayPal (and PayPal Credit balance), and more. It's not perfect, but it's a good baseline experience.
Download on Google Play!

Slack

Price: Free / $6.67 per user per month / $12.50 per user per month
Download on Google Play
Slack is a business-oriented chat application. What makes Slack special is its impressive modularity. You can create an almost unlimited number of chat channels and put whoever you need to in each one. Therefore, your marketing team can be separate from your engineers, etc. It also includes plugin support from a variety of services, including Asana, Giphy (because fun is important too), and many, many others. On top of all of that, Slack also supports conference calling, document sharing, and a chatbot that does stuff for you. If you need only the basics, you can use the app for free. Those that have larger teams or need more services have two service plans to choose from.
Download on Google Play

Square Register

Price: Free (kind of)
Download on Google Play!
Square Register is an app that lets you accept money from other people. A lot of businesses use this as a point-of-sale system. You can get a Square magnetic stripe reader which plugs into your device and customers can just swipe it there to make payments. It's a free system to use, although Square does take a 2.75% cut of every purchase made. The app also lets you track inventory, send receipts, apply discounts, issue refunds, and check out real-time sales data. Since it's easy to use and cheap to get, that makes it one of the better business apps for new and small businesses.
Download on Google Play!

Related best app lists:

If we missed any of the best business apps for Android, tell us about them in the comments! To see our complete list of best app lists, click here.