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Lenovo rebounds to profit by snapping up struggling rivals

President Lanci discusses future steps as Motorola finally dials profit

Lenovo reported a net profit of $233 million for October-December.   © Reuters

BEIJING -- Lenovo Group celebrated a return to black ink for the quarter through December, earnings out on Feb. 21 showed, enjoying the fruits of a leading PC market share amassed by acquiring flagging players.

Mobile phone operations also turned a profit for the first time since the Chinese company purchased the Motorola brand from Google in 2014.

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