Lenovo says it has big plans for Malaysia
By Digital News Asia June 15, 2015
- Part of its continuous shift to the device and connected ecosystem
- Malaysia and Singapore had best YoY growth across 3 business segments in SEA
BEIJING-based global technology giant Lenovo Inc said it has big plans for Malaysia, with new business models and strategies for 2015.
This is part of its continuous shift to the device and connected ecosystem, which will see increased emphasis on human-centric design in everything from wearables and smartphones to tablets, PCs, servers and software, as well as cloud services, the company said in a statement.
As part of Lenovo’s transformation, the company will continue to invest more in the Malaysian market.
Without disclosing actual figures, the company said key areas of investment include:
- Geographical and channel expansion;
- Sustaining and building relationships with business partners;
- Expanding its retail presence;
- Continuing to build and augment its infrastructure and resources; and
- Enhancing after-sales support.
“Lenovo maintains an optimistic outlook of the Malaysian technology industry as the local economy and the rest of the Asian region continues to make positive strides forward,” said Lenovo’s Malaysia country manager Khoo Hung Chuan (pic above).
“We managed to deliver strong and balanced performance in the last quarter by capitalising on our newly acquired businesses … and will continue to apply our ‘Protect and Attack’ strategy where applicable,” he added.
On the global front, Lenovo reported revenue of US$11.3 billion for the fourth quarter ended March 31, 2015 – up 21% year-over-year.
It said it delivered an expectation-beating quarterly net income of US$100 million, with a better balance of revenue where 64% was generated from PCs, 25% from Mobile and 9% from the Enterprise segment, compared with the previous year where the PC segment made up a total 83% of total revenue.
The results also indicated in that South-East Asia, Malaysia and Singapore experienced the largest year-on-year growth across the three business segments, but did not elaborate.
Outlook for 2015
Lenovo said it remains confident that in Malaysia, industries such as automotive, health, logistics, agriculture and education will continue to excel in 2015.
“With the smooth integration of Motorola and IBM’s x86 server business, Lenovo is now a far more dynamic and diverse company than it was ever before,” said Lenovo South-East Asia region vice president and general manager Dr Harry Yang (pic).
“On the business front, we see strong growth momentum in South-East Asia with Malaysia being a key growth driver.
“South-East Asia is a mix of mature markets with an appetite for premium and cutting-edge technology, as well as fast-growing emerging markets with entry-level technology penetration, giving us the opportunity to grow market share quickly,” he added.
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