Lenovo for the day

Joe Mcdonald has a Time article about the smartphone wars:

Computer maker Lenovo Group reported recently that quarterly profit rose thirty percent to a record high on strong smartphone sales, and said its acquisition of the Motorola Mobility smartphone business will accelerate its global expansion.
Profit for the three months ending on 31 December 2013 was $265 million, or $2.52 per share, the company said. Quarterly revenue topped ten billion dollars for the first time, rising fifteen percent to $10.8 billion.
Sales of smartphones and other mobile devices rose 73 percent to $1.7 billion. Sales of laptop computers that supply half the company’s revenue rose eleven percent to $5.4 billion while sales of desktop PCs rose twelve percent to $3.2 billion.
Lenovo is expanding aggressively into mobile technology as consumers shift to going online wirelessly and demand in its traditional PC market cools.
Lenovo, based in Beijing, China and in Research Triangle Park, North Carolina, expanded its product line and global market presence by acquiring part of IBM’s server business in January of 2014 for $2.3 billion. A week later, it bought the Motorola Mobility smartphone business from Google Inc. for $2.9 billion.
“Today the Lenovo smartphone business is profitable, but we don’t make a lot of money. So, with the acquisition of Motorola Mobility, we become a global brand,” said chairman Yang Yuanqing in a conference call with reporters.
The Motorola acquisition will lift Lenovo from Number Four among global smartphone makers to Number Three, according to Yang, who said Lenovo has plans to return the Motorola business to profitability. He said increased economies of scale from combining it with Lenovo’s existing smartphone business also will help to cut costs. “We can not just help the Motorola business to grow and improve profitability, but also it will help us to strengthen our position in China,” he said.
Lenovo has said it expects mobile technology to supply the bulk of its revenue in coming years. Revenue in Lenovo’s home China market was flat at four billion dollars, which the company said reflected a slowdown in the local PC market, where Lenovo is the biggest-selling brand.
Sales in the rest of the Asia-Pacific region rose 22 percent to $1.6 billion and in Europe, the Middle East and Africa by 25 percent to $2.9 billion. Revenue in the Americas rose 36 percent to $2.3 billion.

Rico says that you might buy a Lenovo POS, but he'll stick with his iPhone, thank you...