China's Lenovo has reported a 36% jump in profits, boosted by a surge in sales of smartphones and tablet PCs.
Announcing its financial results for the second quarter, the firm confirmed that it hit a net profit of $220 million and said that revenue was also up by 13% year-on-year to $9.8 billion.
What is clear is that smartphones and tablets played a significant role in the result, as Lenovo’s mobile device sales more than doubled compared to a year ago.
Breaking down the number some more, the company detailed that smartphone shipments rocketed up 78% year-on-year in the three months to the end of September and said that tablet shipments rose more than four-fold to 2.3 million units.
Its combined shipments of smartphones and tablets have now surpassed those of PCs for two quarters in a row.
Shipments of smartphones rose 78% year-on-year in the three months to the end of September, while those of tablets rose more than fourfold to 2.3 million units.
"Lenovo not only remains the top PC company in the world, but is also already the number four player in both smartphones and tablets worldwide and continues growing rapidly," Yang Yuanqing, chief executive of Lenovo, said in a statement.
He added Lenovo was likely to see further growth in the coming months helped by a recovery in the PC market as well as continued growth in the tablet PC sector.
"These are Lenovo's strength areas. We are confident that we will capture these opportunities," he said.
Lenovo said that a recovery in the Chinese market - which accounts for nearly 40% of its revenue - would boost its growth further.