Lenovo's profit up 30 percent, mobile business unit continues to grow

16.08.2012

While Lenovo's notebooks made up the majority of the company's sales, at 54 percent, the company has been investing heavily in developing products outside the traditional PC space, including smartphones, tablets and smart TVs.

In the quarter, Lenovo's business unit dealing with mobile and smart TV products reported sales increasing by 173 percent year-over-year, reaching $587 million. These products made up 7 percent of the company's revenue. In this past quarter, Lenovo's market share in smartphones in China, reached about 10 percent, putting the company third behind Samsung and Chinese handset vendor ZTE, according to research firm Canalys.