August 16, 2012 / 2:30 AM / in 5 years

Lenovo expects profit from smartphones in coming quarters

HONG KONG (Reuters) - Lenovo Group Ltd, the world’s No.2 PC maker, said on Thursday that it expects to see a profit in coming quarters at its money-losing smartphone business.

A LePhone is on display during a news conference in Hong Kong May 26, 2011. REUTERS/Tyrone Siu

Top executives at Lenovo, which makes LePhone handsets, made the comments to analysts after the company reported its first-quarter results.

Reporting by Lee Chyen Yee; Editing by Chris Lewis

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