ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Lenovo pushes back plans to make mobile business profitable

Chinese PC maker logged quarterly loss from write-off after U.S. tax overhaul

Lenovo's mobile business is still on a losing streak. (Photo by Joyce Ho)

TOKYO -- Chinese personal-computer maker Lenovo Group reported a net loss of $289 million for its fiscal third quarter, after taking a write-off of $400 million resulting from the recent U.S. tax reform, as the company struggles to turn around its loss-making mobile unit amid tough global competition and slowing market growth.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more