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Lenovo posts 36pc hike in profit in Q3 beating expectations

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ANI Washington
Last Updated : Nov 08 2013 | 2:55 PM IST

Lenovo's latest quarterly profit rose 36 percent as sales of tablets and computers rose.

The Chinese personal-computer maker's outstanding results come amid lingering concerns about the PC industry's future.

Despite some signs of recovery, traditional PC makers are still struggling to sell their desktop and laptop computers, AllThingsD reports.

According to the report, Lenovo managed to sell more PCs globally in the quarter, while increasing its average selling prices.

Lenovo is also trying to stave off sluggish demand for PCs by expanding its smartphone business outside China, the report added.

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First Published: Nov 08 2013 | 2:47 PM IST

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