Lenovo's performance under pressure after entering 2017, not only the mobile phone is at a loss, the PC business also lost the throne of the world's boss. The latest news shows that Lenovo's tax reform by the impact of the loss from profit to loss last quarter, and short-term outlook is still facing challenges.
Data show that Lenovo's net loss of 289 million US dollars in October-December 2017, mainly due to the mention of a one-time 400 million US dollars, which is related to tax changes in accounts, but in the long run, the United States lowered the corporate tax rate is still Lenovo operating profit control over the same period in 2016, Lenovo net profit of 98 million.
Sales for the quarter came to $ 12.94 billion, up from $ 12.17 billion in the same period of 2016. Core PC business contributed the most, with shipments up 8% and pretax earnings of $ 416 million.
On the other hand, the Lenovo handset business is still struggling with quarter shipments declining 5%, pre-tax loss of 0.92 billion USdollars.Lenovo mobile phone business needs more time to reform, short-term profit and loss two flat.