Lenovo’s Mobile Profits Are a Bit of a MirageMore
(Bloomberg Opinion) — I ought to give credit where it’s due.
Four years after closing its acquisition of the Motorola phone brand, Lenovo Group Ltd. has finally posted a profit in its mobile-phone business. That’s a feat worthy of acknowledgement, so here you go Lenovo: “Well done.”
OK, now on to reality.
“We believe with Lenovo’s scale and our operational excellence, we are confident to turn this business around