{"id":78857,"date":"2015-02-03T08:02:10","date_gmt":"2015-02-03T06:02:10","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=78857"},"modified":"2015-02-03T08:02:10","modified_gmt":"2015-02-03T06:02:10","slug":"lenovo-profits-drop-thanks-to-motorola","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/hardware\/78857\/lenovo-profits-drop-thanks-to-motorola\/","title":{"rendered":"Lenovo profits drop thanks to Motorola"},"content":{"rendered":"

Computer maker Lenovo Group says its latest quarterly profit declined 5 percent, reflecting its acquisition of the unprofitable Motorola mobile phone business.<\/p>\n

Lenovo said Tuesday it earned $253 million, or $2.30 per share, in the three months ending in December. Revenue rose 31 percent to $14.1 billion.<\/p>\n

The profit decline reflected the integration of Motorola into Lenovo. The acquisition closed in October and Lenovo included two months of Motorola’s operations in its results.<\/p>\n

Lenovo said its transformation into a supplier of a mobile devices and enterprise products was proceeding quickly.<\/p>\n

The company said mobile devices accounted for 24 percent of its revenue, while the share contributed by sales of its traditional personal computers declined from 81 percent to 65 percent.<\/p>\n

More on Lenovo<\/h3>\n

Lenovo sees record smartphone growth<\/a><\/strong><\/p>\n

Lenovo spending spree will have short-term downside<\/strong><\/a><\/p>\n

Lenovo to buy Motorola from Google<\/strong><\/a><\/p>\n

Lenovo profits surge on mobile gains<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Computer maker Lenovo Group says its latest quarterly profit declined 5 percent, reflecting its acquisition of the unprofitable Motorola mobile phone business.<\/p>\n","protected":false},"author":5,"featured_media":52535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[25,1388,295],"class_list":["post-78857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-active","tag-lenovo","tag-motorola"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/78857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=78857"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/78857\/revisions"}],"predecessor-version":[{"id":78859,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/78857\/revisions\/78859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52535"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=78857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=78857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=78857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}