Friday, March 29, 2024

Lenovo is being dragged down by its mobile business

Share

Lenovo is accustomed to good financial news, but even its not immune to the tepid smartphone market. The companys mobile division lost $112 million as sales took a 23 percent nosedive, including both Moto and Lenovo handsets. Not long ago, Lenovo was the number one smartphone maker in China, with mobile sales (including tablets) actually besting PCs. Now, however, its well behind arch-foes Oppo, Huawei and Vivo.
The company paid Google $3 billion for Motorola when its mobile…
Read more

Read more

More News