While big chunks of the industry may be feeling gloomy, the artist formerly known as IBM's PC Division keeps on raking in money. Lenovo's third quarter earnings report reveals that the company sold $9.4 billion worth of hardware, keeping $200 million of that back for itself in net profit. It's also seen its Chinese smartphone business turn a profit, and is now eyeing Russia as the next land ripe for conquering. Lenovo's corporate mattress is so stuffed that it probably smells of money, as the company has squirreled away $4.2 billion for a rainy day, or, you know, something else.
Filed under: Cellphones, Desktops, Lenovo
Source: Lenovo
Source: http://www.engadget.com/2013/01/30/lenovo-q3-2012/
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