China’s Lenovo logs record quarterly profit, beats forecasts

Lenovo's laptop PCs are displayed at an electronic shop in TokyoHONG KONG (Reuters) – China's Lenovo Group Ltd, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business. The ThinkPad maker, also China's No. 2 smartphone vendor, said on Wednesday net profit in its October-December third quarter had risen to $ 204.9 million. That beat the average estimate of $ 178. …

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