The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets Adidas Ultra Boost Laceless UK , its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings.

Lenovo chairman Yang Yuanqing

Yang Yuanqing also dismissed the possibility of selling the struggling division to focus on the personal computer (PC) market where Lenovo is the world's biggest maker by shipments, as widely proposed by analysts and company watchers.


"No, that is not my plan," Yang said in an interview. "Mobile should be our core business as well."


The smartphone market has changed markedly since Lenovo spent $2.91 billion buying the money-losing Motorola handset business in 2014. Since then Adidas Ultra Boost Clima UK , global shipment growth has slowed, while at home in China, Lenovo's biggest market, late-comers such as Oppo and Huawei Technologies Co Ltd [HWT.UL] have risen to prominence.


The mobile division now accounts for about 18 percent of Lenovo's revenue Adidas Ultra Boost Uncaged UK , and in October-December, reported an operating loss of $112 million - roughly the same as in the previous quarter.


"I cannot say I am 100 percent satisfied (with the Motorola integration) ... but it is within my expectations," Yang said.


But he said he was confident of a recovery in the second half of the fiscal year starting April, as handset shipments rose 7 percent in October-December from three months prior. That rise came even though the mobile division was hardest hit by an industry-wide shortage of components such as memory chips.


Moreover Adidas Ultra Boost ATR Mid UK , Lenovo appointed former Samsung Electronics Co Ltd executive Jaden Jiang earlier this month as vice president, in charge of mobile strategy in China.


Overall, component supply constraints plus a "challenging" macro-economic environment in the third quarter pushed net profit down 67 percent on year to $98 million, on revenue which fell 6 percent to $12.2 billion Adidas Ultra Boost 2.0 UK , Lenovo said.


The profit result compared with $159.53 million average of 14 analyst estimates in a Thomson Reuters poll.


Lenovo's PC division, which accounts for about 70 percent of revenue, saw revenue rise 2 percent after seven quarters of decline. Shipments rose 2 percent, helped by a 5 percent rise in shipments of PCs for businesses. That helped its global PC market share hit a record high of 22.4 percent Adidas Ultra Boost 3.0 UK , Lenovo said.


Yang said Lenovo would continue to consider mergers and acquisitions to further its lead in the PC market, but declined to comment on talks it has held with Japanese PC maker Fujitsu Ltd.


GAZA, Aug. 7 (Xinhua) -- Israeli forces arrested 10 Palestinians in different parts of the West Bank at dawn of Monday, the Palestinian Prisoners' Club said.


In a statement Adidas Ultra Boost 4.0 Mens UK , the club said the 20-year-old young woman was arrested in Hebron while seven others were detained in Bethlehem.


The remaining two Palestinians were arrested in northern Salfit.


Meanwhile, tensions have been on the rise at Israeli Rimon prison since the wee hours of today after Israeli guards raided Section 1, said the Palestinian Prisoners Authority.


Israeli guards beat up the prisoners, taking some of them out of the section.


Research vessel "Kexue" leaves Shenzhen for scientific expedition


Tourists enjoy scenery of Diaoshuilou Waterfall in NE China


Farmers busy with farm work across China


Old castle attracts tourists in China's Shanxi


Weekly choices of Xinhua photo (July 31 - Aug. 6)


In pics: Daofu Tibetan houses in SW China's Sichuan


In pics: lotus flowers amid morning mist in E China


1st high speed railway in Inner Mongolia starts operation


The Ministry of Industry and Information Technology is requiring telecommunications companies to implement a full real-name system for all phone users before June 30 Adidas Ultra Boost 4.0 Womens UK , 2017 or cut services after the deadline.


An article in People's Posts and Telecommunications News, a newspaper directly under the supervision of the ministry, said telecoms need to increase the proportion of real-name users to at least 95 percent by the end of this year and to 100 percent by the end of next June.


Operators are also urged to employ a range of methods such as text messages, phone calls www.ultraboost4uk.com , letters and notices to demand all phone users complete registration on time.


It's estimated that the current real-name system covers 92 percent of users, with some 100 million yet to provide their real identities.


China initiated the real-name registration system in 2013 as part of a new government measure to reduce anonymity and regulate the market, an effort that intensified in 2015.


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