Lenovo is betting big on smartphones, but its PC sales are still growing

Quartz: Lenovo reported an impressive 31% jump in third-quarter profits to $265.3 million from $205 million a year earlier—well above average analyst expectations of $247.2 million. The Chinese firm warned that earnings in the immediate-term could be hurt by its pending purchases of Motorola’s smartphone unit and IBM’s low-end server business.

The story is too old to be commented.