HMD makes cost-conscious play with UK MVNO launch
The launch by Nokia brand licensee HMD Global on EE’s network sets out its stall for the future
Manufacturers
June 1, 2021
Firm achieved 86pc growth YoY to $1.54bn
Lenovo has announced that its Mobile Business Group (MBG) has achieved a record 86 per cent growth to $1.54 billion.
The company achieved a pre-tax income of $21 million which is a record high since it acquired Motorola as part of its business.
Lenovo’s also revealed that market share in its ‘Latin America stronghold’ reached a record of almost 21 per cent.
Elsewhere, the firm posted its best Q4 ever for PC and Smart Devices with $12.4 billion in revenue, up 46 per cent year-on-year and profitability at an all-time high of 6.7 per cent.