Sarathy Kumar

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Lenovo is betting big on smartphones, but its PC sales are still growing

<b>The numbers:</b> Lenovo reported an impressive 31% jump in third-quarter profits to $265.3 million from $205 million a year earlier—well above average analyst expectations of $247.2 million. The Chinese firm warned that earnings in the immediate-term could be hurt by its pending purchases of Motorola’s …