Lenovo marks China Samsung superiority with 39% boost in worldwide smartphone sales
PC manufacturer Lenovo Group has announced a 23 per cent rise in profit during the first quarter after seeing a massive 39 per cent boost in worldwide smartphone sales.
Net income for the firm jumped to £128m, in the three months ending June, up 23 per cent on the same period last year.
The Beijing-based firm, which spent £3bn alone on new acquisitions, last week displaced Samsung as the best-selling smartphone seller in China.
The firm’s PC business bucked trends seeing a 12 per cent increase in laptop sales despite a 3.7 per cent drop worldwide.
Yang Yuanqing, CEO of Lenovo, told the Wall Read full story ›
Source: The Drum
