Lenovo, the world’s largest manufacturer of personal computers, is optimistic that it can “completely turn round” its critical smartphone unit with help from Pokémon Go and other popular games, according to the group’s chairman and chief executive.
The Chinese company, which acquired and revived IBM’s PC business a decade ago, is aiming to do the same in the smartphone industry after paying $3bn for Motorola’s failing handset business in 2014.
“I hope we can completely turn around the [mobile] business in the next fiscal year,” Yang Yuanqingsaid in a briefing call with reporters. He noted that revenue growth for Lenovo’s mobile business unit exceeded volume growth, driving the average selling price of its smartphones up 25 per cent year-on-year.