Lenovo profit up 23 percent as mobile grows

Summary:PC shipments were flat for the Chinese hardware giant, but sales of mobile devices doubled.

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

The company said on 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 said Lenovo edged past long-time industry leader Hewlett-Packard last quarter to become the world's biggest PC seller for the first time.

Topics: Lenovo

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