Lenovo just did what Google could not - it broke even on Moto phones. The Mobile Business Group (which combines Lenovo and Motorola phones and tablets, plus smart TVs) posted quarterly sales of $3.2 billion (down 4% YoY).
Motorola contributed $2 billion to that and saw shipments rise 25% quarter on quarter. Lenovo didn't quite break even though, it posted $30 million in pre-tax loss.
As for phones bearing the Lenovo brand, they saw a huge rise in India and Indonesia (doubling and tripling sales) with 83% of sales coming from outside of China.
It's not all good news, though, total smartphone volume fell 18% to 20.2 million units sold. In case you haven't heard, Lenovo will merge its smartphone brands and Motorola will soon become Lenovo Moto, joining the Lenovo Vibe brand.
The company as a whole returned to profitability with $300 million net income on a revenue of $12.9 billion (down 8% YoY, 2% in constant currency).
Thanks for reading my news about Lenovo returns to profitability, almost breaks even on Motorola at my blog Mods Firmware if you want too share this article, please put the resource, and if you think this article is very usefully dont forget to bookmark this site with CTRL + D on your keyboard to web browser.