Lenovo Result Rises 25pc
Net income climbed to US$158.3 million in the March quarter, up from $126.9 million a year earlier. Sales hit $9.4 billion, compared with $7.83 billion a year earlier and beating analysts forecasts of $9 billion.
The Chinese company, which in January agreed to buy Motorola Mobility from Google for $2.9 billion, plans to triple the number of countries where it sells phones by adding 20 new markets in the Middle East, Africa and Latin America. Its smartphone shipments jumped 63 percent in the period to 12.9 million units.