Lenovo Group Ltd., which is buying Motorola Mobility from Google Inc., plans to make the phonemaker profitable within four to six quarters without eliminating jobs, Chief Executive Officer Yang Yuanqing said.
Samsung Electronics Co. will unveil a high-end Galaxy phone next week in circumstances far different than those facing the previous model as it fights to stay atop an industry that’s proven hard for one company to lead for long.
Lenovo Group Ltd. agreed to buy Google Inc.’s Motorola Mobility phone unit for $2.91 billion, as the world’s largest personal-computer maker continues a buying spree of U.S. technology businesses. Lenovo fell 8 percent.
Apple Inc.’s iPhone sales over the holiday season and revenue projections for the current quarter trailed analysts’ estimates, adding to evidence that its flagship product is losing steam as a growth engine in a crowded smartphone market.
Apple Inc. fell after reporting iPhone sales for the holiday season that missed analysts’ estimates, underscoring why it’s crucial for Chief Executive Officer Tim Cook to deliver new products to revive growth.
Samsung Electronics Co., the world’s biggest maker of smartphones, posted its slowest profit growth since 2011 as new Apple Inc. iPhones lured high-end customers and gains in the Korean won curbed the value of overseas sales.