THE RESULTS: Lenovo Group says its quarterly profit nearly doubled to $108 million, or 1.11 U.S. cents per share. Revenue rose 15 percent to a quarterly record of $5.9 billion.
THE REASON: Strong sales in emerging markets. Its global market share hit a high of 12.2 percent.
THE TREND: Lenovo is expanding into mobile Internet, competing with Apple Inc. and others, and in developed markets with an acquisition this year in Germany and a joint venture in Japan.
NEW STRATEGY: After spending the past two years focusing on expanding sales, Lenovo says it’s changing strategy to give equal emphasis to profits.