Lenovo Q3 net jumps 30%, bets big on APLA region, smartphones

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The company registered 12% increase in sales to $9.3 billion in reported qtr, from $8.3 bn in year-ago period. (Reuters) The company registered 12% increase in sales to $9.3 billion in reported qtr, from $8.3 bn in year-ago period. (Reuters)
SummaryThe company registered 12% increase in sales to $9.3 billion in reported qtr, from $8.3 bn in year-ago period.

consumers, enterprises and small and medium businesses.

In the global notebook segment, Lenovo's share stood at 15.8 per cent. The segment contributed 51.7 per cent of Lenovo's revenues.

Desktops and MIDH (Mobile, Internet and Digital Homes) segments accounted for 30.1 per cent and 10.7 per cent, respectively of the quarter's revenue.

The company had net cash reserves of USD 4.2 billion as of December 31, 2013.

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