Lenovo has released its financial report for fiscal 2015 (April 2015-March 2016), recording revenues of US$44.912 billion, decreasing 3% on year, gross margin of 14.8%, up 0.4pp, and net loss of US$128 million.

Lenovo sold 56 million PCs and 66 million smartphones globally in the fiscal year, slipping 6% and 13% on year.

For the first quarter of 2016 in particular, Lenovo posted revenues of US$9.133 billion, gross margin of 16.6% and net profit of US$180 million.