Lenovo to miss mobile turnaround target, posts third quarter net loss
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.
Lenovo to miss mobile turnaround target, posts third quarter net loss
Feb 1, 2018, 10:15am UTC
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.