|Day's Range||12.502 - 12.710|
|52 Week Range||11.310 - 14.250|
|PE Ratio (TTM)||11.38|
|Dividend & Yield||0.68 (5.46%)|
|1y Target Est||N/A|
After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartphone business. A recently announced reorganization of its China business aimed at sharpening the PC brand's consumer focus comes amid an ongoing effort to tighten its mobile branding and shift the focus to pricier models under its Moto brand. "Our strategy is to prioritize mature markets ... which need brands and innovative products, whereas emerging markets need efficiency," Chairman Yang Yuanqing said of Lenovo's mobile business at a press conference in Hong Kong on Thursday.
China’s Lenovo Group is shaking up its operations as it seeks to reclaim the title of global leader in personal computers and shore up its smartphone business.
The world's two biggest PC makers report positive shipment growth. And thanks to strong demand for gaming PCs and high-end notebooks, their revenue grew faster still.