Lenovo profit rises 19% on sales growth outside China
BEIJING (AP) — Lenovo Group, the world’s biggest personal computer maker, says its latest quarterly profit rose 19 percent, driven by sales growth outside its home China market.
The company said Thursday profit rose to $262 million, or 2.5 cents per share, in the three months ended Sept. 30. Revenue rose 7 percent to $10.5 billion.
The company said it shipped a record 35.6 million smartphones, personal computers and tablets globally.
During the quarter, Lenovo completed its $2.9 billion acquisition of Motorola Mobility from Google Inc. in an effort to expand its presence in the global smartphone market.
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