In a bad sign for the PC industry, Lenovo touted its success in smartphones during the company's fiscal 2014 first-quarter earnings conference call.
Lenovo reported Thursday that quarterly profits jumped 23 percent over the same period last year. Net profit came to $174 million in the quarter ending in June compared with $141 million last year. That beat the street's profit estimate, which was expected to be $167 million.
Revenue hit $8.8 billion, up 9.7 percent from the $8 billion reported last year.
Historically, Lenovo has been viewed as a PC company, but the CEO spent … Read more