Lenovo stumbles in turnaround of smartphone business as it reports a quarterly net loss

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More than four years after making its biggest deal with the US$2.9 billion acquisition of Motorola Mobility, computer maker Lenovo Group is still struggling to revive its flagging smartphone business amid intense competition with other Chinese brands.
Lenovo may have reached a crossroads and could look to re-evaluate that business, which sells both Moto and Lenovo-brand smartphones, as profitability remains elusive.
Lenovo’s mobile business was a sore spot in the company’s results…

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