Lenovo will be in a “very different” situation in terms of profit in the coming quarters as the Chinese technology giant implements a turnaround strategy, the company’s president said.
Samsung revealed Thursday that its smartwatch will be compatible with several Android devices rather than just its own phones and is launching with more than 1,000 apps.
Motorola has launched a new version of its smartwatch in a bid to repeat the success it had with its original model.
The smartphone slowdown is showing up in falling profits for handset makers, as well as sweeping job cuts across the once red-hot sector.
The renminbi's devaluation has hit the Hang Seng Index hard, but there are still plenty of beneficiaries out there.
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.