Lenovo to miss mobile turnaround target, posts third quarter net loss

6 years ago
Anonymous $v9r5mEH86V

https://finance.yahoo.com/news/chinas-lenovo-posts-third-quarter-004655633.html

The group's phone problems started after it bought Motorola Mobility from Google for $2.9 billion in 2014 but struggled to integrate the assets.

"We will further improve the profitability, but probably breakeven will not happen in the next quarter," Chairman and CEO Yang Yuanqing told Reuters, referring to the mobile business.