As the global PC market shrinks, Lenovo has been diversifying into smartphones and tablets
Lenovo, the world's biggest maker of PCs, has reported a 23% jump in profits as it expands into smartphones and tablet computers.
Net profit was a better-than-expected $174m (£112m) in the April-to-June period, up from $141m a year earlier, Lenovo said in a statement.
Lenovo overtook Hewlett-Packard to become the top PC maker this year.
However, as global PC sales decline, the company has aggressively expanded into mobile devices.
Sales of Lenovo's PC units fell 0.6%.
According to some estimates, Lenovo has already become the second-biggest smartphone seller in China.
Lenovo has said it is also expanding into other emerging markets and potentially the US.
It beat ZTE to become the world's fourth-largest smartphone market in the April-to-June period, behind Apple, Samsung Electronics and LG Electronics, according to research firm IDC.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23707336#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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