Lenovo for the first time in 6 years has recorded a quarterly loss

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POSTER: computer news   ||   LENOVO FOR THE FIRST TIME IN 6 YEARS HAS RECORDED A QUARTERLY LOSS	DATE:2015-11-13
Chinese Lenovo is the first time in six years, recorded a quarterly loss.  According to Bloomberg, at the end of the second quarter  2015 fiscal year, which ended in September, totaled $ 714 million, while analysts had forecast a net loss of $ 803 million. However, sales of Lenovo in the last quarter rose 16%, thus surpassing analysts' expectations. Without the one-time costs Lenovo profits in the second fiscal quarter was $ 166 million, which is 50% lower than a year earlier.  Revenue for the reporting period rose to $ 12.2 billion, and sales in China, by contrast, fell by 12% compared to last year. As the Chief Executive Officer and Chairman of the Board of Directors of Lenovo Yuantsin Yang , job losses and the transition from the policy of aggressive competition in China will help the company achieve its goals and make mobile business profitable.   "We have significantly expanded  smartphone business in emerging markets, it is our strategy. We know that our competition policy in China is too cruel, so we just switched our attention," - said the head of Lenovo in a telephone interview after the publication of the financial report. He added that Lenovo is going to make your business profitable for the production of smart phones in the next one to two quarters, ie after six quarters since the acquisition of Motorola.  This will be achieved by a more aggressive approach to increasing the share in markets such as the US and Europe next year. Lenovo is planning to complete a major restructuring at the end of 2015 fiscal year, which ends in March 2016. Related Products :

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