Lenovo about to turn profit from smartphone business

Updated: 2013-01-08 14:33

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按钮 0

Lenovo Group Ltd's smartphone business in China is about to turn its first profit, enabling the company to expand margins while funding a handset push into emerging markets, Chief Executive Officer Yang Yuanqing said.

"Very soon you will see we'll start to make money in the China smartphone area," Yang said in an interview in Beijing.

Lenovo shares surged 36 percent in Hong Kong last year as it added market share to become the world's biggest vendor of personal computers and China's second-largest seller of smartphones.

China Daily - Agencies

 

More reports on Lenovo Group

Lenovo launches Horizon Table PC

Lenovo seeks top smartphone spot

Lenovo surpasses HP to lead PC market

Lenovo snaps up former Motorola employees

 

China smartphone market

Xiaomi aims to double sales next year

Sina sells smartphones to for profitability

Apple's iPhone 5 China sales top 2m

ZTE launches slimmest quad-core smartphone