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Heavy Industry

Lenovo now top domestic mobile phone maker
By STAFF EDITOR
Published: January 25, 2006 11:00 AM
Lenovo announced that it had sold 1.9 million mobile phones in its third fiscal quarter, Soho Financial reports. Ma Xuezheng, vice president and CFO, said that this performance, which amounted to four times the sales of the previous year, had pushed Lenovo up one ranking to fourth place in the Chinese mobile phone market, and #1 out of domestic manufacturers. According to a company report, Lenovo sold 4.4 million mobile phones from April through December, 2005Ma also said that the company was currently pursing R&D in the 3G mobile phone sector, although it does not have any specific products at this time.In its third quarter results for the entire company, Lenovo announced profits of HK$365 million, up 12% over the same period in fiscal 2004.Link: http://it.sohu.com/20060126/n241623553.shtml
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