Thursday, February 13, 2014

ROUNDUP: Lenovo Motorola wants to rehabilitate quickly - FAZ - Frankfurter Allgemeine Zeitung

HONG KONG (Reuters) – The world’s largest PC maker Lenovo is attempting to halt the years of high losses in the mobile phone pioneer Motorola after the proposed acquisition quickly. It should only take a few quarters, said Yang Yuanqing, Lenovo CEO on Thursday after submission of the latest quarterly results. The Chinese company wants to buy the former owner Google and pay for almost three billion dollars Motorola. With the U.S. brand Lenovo intends to accelerate its foray into the smartphone business. Motorola made last year alone an operating loss of more than a billion dollars.

Lenovo sold its smartphones so far mainly in China. In the last quarter of the already for the fourth place was enough in the global smartphone business with a share of 4.6 percent, as the market research firm Gartner calculated. With nearly 13 million devices Lenovo increased sales year over year by more than 50 percent.

In the computer business, the previous focus, ran it for Lenovo last well. In the Christmas quarter, there was a big leap in profits. Lenovo earned $ 265 million (195 million euros), which were 30 percent higher than a year earlier. Revenue increased in the end of December concluded the third quarter by 15 percent to $ 10.8 billion, as Lenovo announced.

The Chinese Group is the number one in the PC business. But the market for traditional laptop and desktop computers slumped last year decreased by ten percent because customers love access to smartphones and tablets. Although Lenovo was able to grow even against this trend, look for future growth but to other areas. In addition to smartphones, these are server.

Even the Lenovo business but is dominated by PCs. During the quarter, almost half of the revenue was generated with notebooks and about 30 percent with desktop devices. The proportion of mobile technology such as smartphones and tablets moved up 16 percent year over year from 10.7. / So / DP / stb

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