Lenovo smartphones are displayed during a news conference announcing the company's annual results in Hong Kong May 21, 2014. Chinese personal computer (PC) and smartphone maker Lenovo Group Ltd aims to sell 100 million smartphones and tablets in the coming year, the company said during a conference call with media on Wednesday.
Credit: /Bobby Yip (CHINA - Tags: BUSINESS SCIENCE TECHNOLOGY TELECOMS) - RTR3Q570
- Lenovo Group Ltd (0992.HK), the world's leading PC maker, said on Tuesday its third quarter revenue rose 31 percent to $14.1 bln as its smartphone business continued to expand.
The company said net profit was $253 million, down from $265 million a year prior.
Beijing-based Lenovo completed two multi-billion dollar acquisitions in recent months - leading phone brand Motorola and IBM's low-end server unit - to expand its business beyond the declining PC market.
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