BETTER EARNINGS: PC maker Lenovo Group says its profit in the first half of the year nearly doubled.
WHAT’S BEHIND IT: Strong growth in “emerging cities” inside China, which accounts for nearly 44 percent of Lenovo’s sales, helped drive the company’s strong performance. Sales in emerging markets elsewhere also did well.
WARNINGS: Lenovo says flooding in Thailand will likely impact the global supply of hard disk drives. The company says it is monitoring the situation closely.