Lenovo reported its first net loss in 6 years of $714 million for Q3 2015. Turnover was up, however, by 16% YoY at $12.2 billion, from $10.4 billion. A combination of a one time restructuring charge of $599 million, $300 million of unsold smartphones and poor PC demand, despite a doubling of PC shipments in India, was responsible for the weak financials.
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