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Lenovo to make Motorola Mobility profitable in 6 quarters

Wednesday 26 February 2014 | 01:44 CET | News
Lenovo expects to make Motorola Mobility profitable within four to six quarters. Lenovo chief executive Yang Yuanqing also said it would not eliminate any jobs at the company, the South China Morning Post reports. "Don't be scared by the USD 1 billon-a-year loss," Yang said at the Mobile World Congress. "We will improve that even from day one. Google is very good at software, ecosystems and services. But we are stronger in the manufacturing of devices." Lenovo believes that improved profitability will come from increased production and sales to emerging markets. The company will also reduce

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Categories: Mobile & Wireless
Companies: Google / Lenovo / Motorola Mobility
Countries: World
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