Lenovo profit up on smartphone sales

Comment on this story
IOL pic oct18 lenovo text Reuters File photo: Reuters

Beijing - Computer maker Lenovo Group says its latest quarterly profit rose 30 percent from a year earlier on strong growth in sales of smartphones and other mobile devices.

The world's biggest personal computer maker said on Thursday that profit for the three months ending December 31 was a record $265 million. Revenue rose 15 percent to $10.8 billion.

Sales of smartphones and other mobile devices rose 73 percent to $1.7 billion.

Sales of laptop computers that supply half the company's revenue rose 11 percent to $5.4 billion, while sales of desktop PCs rose 12 percent to $3.2 billion.

Lenovo bought part of IBM’s server business for $2.3 billion in January and a week later bought the Motorola smartphone business from Google for $2.9 billion. - Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines