Lenovo-Motorola announced weak Q1 2018 results, including a -21% YoY decline in smartphone shipments, -24% YoY decline in wholesale revenue and a decreased ASP. Global smartphone marketshare of 2.7% in 1Q 2018 is lowest ever for the company.

The daunting numbers are result of lost positions in the emerging markets, especially in home markets Asia Pacific and China, where decline in shipments was particularly stark. Lenovo-Motorola is now outside top-10 in the ranking of the largest smartphone vendors in Asia Pacific and holds just 1% marketshare in the region.

The Americas continue to be the stronghold for the company, where the company sells more than three-quarters of all its smartphones. Lenovo-Motorola ranks as the second and fifth largest smartphone vendor in Brazil and US respectively, with growth in US particularly impressive, where the company more than doubled its shipments from same time last year.