Lenovo mobile sales jump 77% to USD 1 bln

Wednesday 30 January 2013 | 11:37 CET | News
Lenovo reported sales for its fiscal third quarter to December up 12 percent from a year earlier to USD 9.4 billion. Net profit rose 34 percent to USD 205 million, and operating profit was up 26 percent to USD 243 million. The company finished the period with net cash of USD 4.2 billion. Lenovo said its Mobile Internet and Digital Home (MIDH) revenues, which includes smartphones, tablets and smart TVs, accounted for a record 11 percent of company revenue in the quarter, with sales up 77 percent year-over-year to USD 998 million. For the first time, its smartphone business in China was

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT / Mobile & Wireless
Companies: Lenovo
Countries: China / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Lenovo to launch smartphones in US

Published 27 May 2013 10:22 CET | United States
Lenovo wants to start selling smartphones in the US within a year, its CEO Yang Yuanqing said in an interview with the Wall ...

Lenovo to launch new products in Kenya in March

Published 21 Feb 2013 09:57 CET | Kenya
Lenovo has announced plans to launch the Lenovo Yoga, Lenovo Thinkpad Twist and Lenovo Tablet 2 in Kenya in March. Oliver Ebel, ...

Lenovo to create Americas division

Published 11 Feb 2013 08:50 CET | Latin America
Chinese PC, phone and tablet maker Lenovo will create a new Americas division on 1 April, led by recently appointed president of ...

Android takes third of mobile handset shipments in Q4

Published 09 Feb 2013 11:52 CET | World
A third of all mobile phones shipped in the fourth quarter of 2012 ran Android, according to Canalys. Android took a 34 percent ...

China smartphone sales rise 113% to 64.7 mln units in Q4

Published 09 Feb 2013 11:49 CET | China
Smartphones accounted for 73 percent of China's mobile phone market in the fourth quarter of 2012, compared with 40 percent a ...

Lenovo mulls buying RIM

Published 25 Jan 2013 02:26 CET | World
Lenovo is assessing potential acquisition targets and strategic alliances, including Research In Motion. "We are looking at all ...

Lenovo making a profit from smartphones in China - CFO

Published 24 Jan 2013 09:30 CET | China
Chinese PC maker Lenovo is making a profit from smartphone sales in China and seeing solid growth in other emerging markets, CFO ...

Lenovo introduces rugged ThinkPad Chromebook for schools

Published 18 Jan 2013 04:54 CET | World
Lenovo has introduced ThinkPad X131e Chromebook, a laptop PC built with rugged features for K-12 education. The laptop features ...

Global PC shipments fall 6.4% in fourth quarter

Published 11 Jan 2013 09:52 CET | World
Worldwide shipments of desktop PCs, notebooks and netbooks saw their first fourth quarter decline in five years in 2012, ...

Lenovo introduces IdeaPhone smartphone line-up

Published 09 Jan 2013 10:05 CET | World
Lenovo has launched a full lineup of new smartphones at the 2013 International Consumer Electronics Show. The portfolio includes ...

Lenovo completes acquisition of CCE

Published 05 Jan 2013 03:52 CET | Brazil
Lenovo Group, a provider of PCs and mobile internet devices, has announced it has completed its acquisition of CCE. The closing ...

Calendar   /   Industry Events

14 May Digi Communications Q1 2021
14 May Japan Display FY results
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
14 May Telesat Q1
14 May Report: Dutch Apps Market - 2021Q1
17 May Pareteum FY results
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May Cisco fiscal Q3
19 May TIM Q1 2021
19 May Qualcomm 5G Summit
20 May Palo Alto Networks fiscal Q3
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items