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Lenovo mobile shipments increase, Motorola division boosted with Moto Z sales
Lenovo got a big boost from its smartphone division during the third quarter of 2016 (its own second fiscal quarter) that ended on Sept. 30. The company announced today that it sold a total of 14 million smartphones during that time period, up 25% compared to the previous quarter.
Overall, Lenovo recorded revenues of $11.2 billion for the quarter, down 8% from the same period a year ago. Net income came in at $157 million for the quarter, which is a big improvement compared to its $714 million loss from the same quarter in 2015. The company’s mobile division brought in $2 billion in revenue for the quarter, and posted a loss of $156 million, but that was still an 4.4% improvement from the previous quarter.
Lenovo noted that it had seen smartphone shipments improve in Asia and India, with the latter country seeing a 15% shipment increase compared to the year before. The company’s Motorola division saw a 40% boost in sales in the quarter, thanks in part to the launch of the Moto Z lineup of phones and the introduction of the Moto Mods for those devices.
In one of Lenovo’s slides during its financial presentation, the company said the Moto X phones sold 1.06 million units during its first three months. It predicts that it will sell 3 million units during its first 12 months. Lenovo just announced a new partnership with the Indiegogo crowdfunding service to encourage developers to submit ideas for more Moto Mod-based add-ons for the Moto Z phones.