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Lenovo’s mobile business posts record growth

Saf Malik
May 28, 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.

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