Chinese PC maker Lenovo posts record profits, sales

Feb 13, 2014, 12:31 AM EST
Lenovo's first multi mode tablet Yoga Tablets introduced by US actor Ashton Kutcher during Lenovo, a Chinese computer maker, press conference at Youtube Space on October 29, 2013 in Los Angeles.
AFP/Getty Images

Lenovo, the world's largest PC maker, has posted record third-quarter profit on higher sales of laptops and mobile devices in emerging markets. The Chinese firm said earnings rose 30% to $265m (£159m) from a year earlier, beating analysts' estimates of $247m. Revenues jumped by 15% to a record $10.8bn, led by sales in China. However, the firm warns its future finances will be negatively impacted by its recent purchase of IBM's low-end server business and Motorola Mobility.

Background:

Chinese PC maker Lenovo posts record profits and sales [BBC]

Lenovo was right to buy Motorola - just look at ThinkPad [Forbes]

YOU MIGHT ALSO LIKE