Lenovo profit up 23 percent as mobile grows

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Associated Press

Posted on August 14, 2013 at 11:04 PM

Updated Wednesday, Aug 14 at 11:04 PM

BEIJING (AP) — Lenovo Group, the world's biggest personal computer maker, says its quarterly profit rose 23 percent as sales of smartphones and other mobile devices doubled.

Lenovo said Thursday it earned $174 million in the three months ending in June. Sales rose 10 percent over a year earlier to $8.8 billion.

Desktop PC shipments were flat but sales of smartphones, tablets and other mobile devices rose 105 percent. Laptop sales, which account for 52 percent of revenue, rose 4.7 percent.

Research firms Gartner and IDC say Lenovo edged past longtime industry leader Hewlett-Packard Co. last quarter to become the world's biggest PC seller for the first time.

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