Lenovo-Egypt Attains US$10.5bn in Q2

CEO of Lenovo Egypt Company Yasser Shaheen said Lenovo achieved US$10.5 billion revenues, went up by 7% growth rates, while sales in the mobile devices sector fell by 6 to US$1.4 billion.

The decline of revenues came completely reverse the company’s expectations and that leading to the lower of the company’s stock.

Furthermore, Shaheen asserted that Lenovo is seeking to enter new products in the markets after it succeeded in the acquisition of IBM’s low-end server segment and Motorola Mobility, the cellphone maker owned by Google.

Lenovo Group Ltd, a Chinese multinational computer technology company achieved US$262 million within the second quarter move up by 19% growth rates.