The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets Adidas Ultra Boost 3.0 Multicolor Men's UK , its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings.
Lenovo chairman Yang Yuanqing
Yang Yuanqing also dismissed the possibility of selling the struggling division to focus on the personal computer (PC) market where Lenovo is the world's biggest maker by shipments, as widely proposed by analysts and company watchers.
"No, that is not my plan Reigning Champ X Adidas Ultra Boost 3.0 Primeknit Men's White Grey UK ," Yang said in an interview. "Mobile should be our core business as well."
The smartphone market has changed markedly since Lenovo spent $2.91 billion buying the money-losing Motorola handset business in 2014. Since then, global shipment growth has slowed, while at home in China Adidas Ultra Boost 3.0 Limited Black Men's UK , Lenovo's biggest market, late-comers such as Oppo and Huawei Technologies Co Ltd [HWT.UL] have risen to prominence.
The mobile division now accounts for about 18 percent of Lenovo's revenue, and in October-December Adidas Ultra Boost 3.0 Collegiate Navy Men's UK , reported an operating loss of $112 million - roughly the same as in the previous quarter.
"I cannot say I am 100 percent satisfied (with the Motorola integration) ... but it is within my expectations," Yang said.
But he said he was confident of a recovery in the second half of the fiscal year starting April, as handset shipments rose 7 percent in October-December from three months prior. That rise came even though the mobile division was hardest hit by an industry-wide shortage of components such as memory chips.
Moreover Adidas Ultra Boost x Porshe Design White UK , Lenovo appointed former Samsung Electronics Co Ltd executive Jaden Jiang earlier this month as vice president, in charge of mobile strategy in China.
Overall, component supply constraints plus a "challenging" macro-economic environment in the third quarter pushed net profit down 67 percent on year to $98 million Adidas Ultra Boost 3.0 Men's Black UK , on revenue which fell 6 percent to $12.2 billion, Lenovo said.
The profit result compared with $159.53 million average of 14 analyst estimates in a Thomson Reuters poll.
Lenovo's PC division, which accounts for about 70 percent of revenue Men's Adidas Ultra Boost 4.0 Navy Multicolor Blue UK , saw revenue rise 2 percent after seven quarters of decline. Shipments rose 2 percent, helped by a 5 percent rise in shipments of PCs for businesses. That helped its global PC market share hit a record high of 22.4 percent, Lenovo said.
Yang said Lenovo would continue to consider mergers and acquisitions to further its lead in the PC market Men's Adidas Ultra Boost 4.0 Carbon Navy UK , but declined to comment on talks it has held with Japanese PC maker Fujitsu Ltd.
HAIKOU， March 18 (Xinhua) -- Kim Hae-rym roared to the top of the SGF67 World Ladies Championship with SBS leaderboard when the South Korean finished with a six-under 67 during a weather-delayed second round here on Saturday.
With a score of 11-under 135 over the Mission Hills Haikou Blackstone Course， Kim was one shot ahead of compatriot Bae Seon-woo who was at 10-under through 17 holes when play was called for lightning at around 5pm.
First round leader Georgia Hall from England was three shots off the lead in third after a one-under 71.
Yan Panpan was the top Chinese player after improving to a five-under 68 to sit in 30th place at even par on the 6，362-yard， par-73 course.
Fifty one players were out on the course when play was called off due to the lightning. They will continue to complete their second round on Sunday starting at 7.15am.
The World Ladies Championship is tri-authorized event between the China LPGA Tour， the LPGA Tour of South Korea and the Ladies European Tour.
By Alex Osei-Boateng
ACCRA， Oct. 11 (Xinhua) -- Amputee footballers players from Ghana， Liberia and Sierra Leone will play a three-day tournament in Accra on October 28-30 to promote peace ahead of Ghana's general election in December， the Ghana Amputee Football Association said here on Tuesday.
Richard Nii Amartey Adesah， Chairman of association， said the three West African nations would play in a round robin tournament at the Accra Sports Stadium.
The tournament， he said， would form part of activities to support peace initiatives in Ghana before and after the December 7 polls.
Adesah said the event would be the association's contribution to peace in Ghana and the invitation of the two nations.
"It is to register a strong message of peace to Ghanaians，" Adesah said.
Players of Liberia and Sierra Leone became amputated as a result of civil wars that ravaged their countries.
"The purpose of the match is to use the story of the consequences of war in Liberia and Sierra Leone to appeal to Ghanaians to avoid violence before， during and after the elections，" Adesah said.
The World Amputee Football Federation (WAFF) has sanctioned the match and sees it as very important in encouraging peace in Ghana and whipp. Wholesale Jerseys Wholesale Jerseys China Wholesale Jerseys Cheap Wholesale NBA Jerseys Wholesale College Jerseys China Cheap NBA Jerseys China Cheap College Football Jerseys Wholesale Soccer Jerseys Cheap Wholesale MLB Jerseys Cheap Cheap Adidas NHL Jerseys
