China's Lenovo Group will lay off 10 percent of white-collar staff after sales of Motorola handsets fell by a third.
Asian stocks mostly erased losses to rise on Thursday, after a closely-watched press conference from the People's Bank of China.
Lenovo reported a 51 percent Q1 net profit fall and said it would cut 3,200 jobs, as it grapples with "severe challenges" in selling smartphones in China.
Asian equities headed further south on Wednesday, as the People's Bank of China allowed the yuan to extend sharp losses for the second straight day.
Lenovo-owned Motorola unveiled three new devices and OnePlus introduced its latest one.
Motorola accidentally went live with a webpage that showed the next version of its Moto G smartphone.
Chinese electronics giant Lenovo is looking to extend its grip on the PC space as it remains bullish on its dominance of a declining market.
Asian equities were sold down on Monday after Greece failed to clinch a deal with its international lenders over the weekend.
Just as China's long-insatiable appetite for smartphones wanes, India promises to be the next hot spot for explosive growth, a new report claims.
Asian stocks declined on Monday on the back of concerns over Greece's debt talks and fresh tightening of margin financing in China.
China's low-cost smartphone maker Xiaomi launched a foray into U.S and Europe this week, but don't expect its handsets there anytime soon.
Chinese technology company Lenovo just made a play to increase its presence within the smartphone market.
Apple has continued to make its presence felt on the global smartphone market but is now facing a challenge from the Chinese giants.
Wong Wai-Ming, CFO of Lenovo, is confident that business on its home turf will continue to grow, but says the percentage of its Chinese business will likely fall amid a growing international market.
Lenovo Group said on Thursday its annual net profit rose one percent to $829 million, below expectations, after completing two major acquisitions.
Patrick Moorhead, president & principal analyst at Moor Insights & Strategy, discusses the outlook for Lenovo.
Jean-Louis Lafayeedney, director at Societe General Haitong, explains why he expects the world's number 1 PC company to outperform with its full-year financial results due Thursday.
As Apple basks in the unprecedented demand for its latest iPhones, suppliers from Tokyo to Taipei are sharing in the spoils. The FT reports.
Indian PM Narendra Modi is expected to bang the drum for his "Make in India" campaign during his China visit, but will firms from the "world's factory floor" bite?
iPhones may be selling like hotcakes in China, but overall demand for smartphones in the world's biggest market is in fact slowing, according to IDC.