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Lenovo quarterly profits up as Motorola reaches breakeven

2018-11-08 08:57:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a strong improvement in results for its fiscal second quarter, supported by a return to breakeven at Motorola and continued growth in the PC business. Group revenue reached USD 13.4 billion, up 14 percent year-over-year, and operating profit more than tripled, to USD 290 million from USD 88 million a year ago. The net profit increased 21 percent to USD 168 million, and Lenovo proposed a stable interim dividend of HKD 0.06 per share.

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Lenovo and ZTE shares hit by spyware row

2018-10-05 11:55:36| BBC News | Business | UK Edition

Shares in Lenovo and ZTE drop after a report that Beijing inserted spying devices into US computers.

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Lenovo returns to profit as quarterly sales grow 19%

2018-08-16 08:50:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago. 

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Lenovo Smart Display Shows Loads of Potential

2018-07-27 17:17:58| TechNewsWorld

Lenovo's Smart Display with Google Assistant has hit the market. There are two versions of the device, 8-inch and 10-inch, both with full HD screens, and priced at $200 and $250 respectively. "The cost is significantly below an iPad mini and it offers far more functionality than just a digital picture frame or a Bluetooth speaker," said Alan Lepofsky, principal analyst at Constellation Research.

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Lenovo Lied About the Design and Features of Its New Z5 Phone

2018-06-06 16:02:40| Extremetech

Lenovo misrepresented the design of its new "flagship," the Z5. The company claimed the phone had multiple features it doesn't possess. The post Lenovo Lied About the Design and Features of Its New Z5 Phone appeared first on ExtremeTech.

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