Lenovo, which lost its position as the world's largest PC maker to HP Inc in the quarter through June, lost $72 million compared with a profit of $173 million for the same period last year.
Profit for the three months through March was $107 million. That beat the $93.8 million average of 11 analyst estimates in a Thomson Reuters poll.
According to IDC's quarterly mobile phone tracker, 29.1 million smartphones were shipped to India in the third quarter of 2015. The shipment was higher by 17.4 percent than April- June 2016 quarter when shipment stood at 27.5 million units.
Xiaomi had estimated total annual sales of 80-100 million, but then in July reported semi-annual sales that for the first time were lower than the previous six months, with analysts saying its main domestic market was rapidly becoming saturated.
Shenzhen-based Huawei, the world's third-biggest smartphone supplier by volume, shipped 27.4 million smartphones globally in the quarter ended September 30, the company told Reuters on Tuesday. Deliveries climbed 81 percent and 98 percent in China and Europe respectively from a year ago.
The US-based company, which re-entered the Indian market in February last year, has also launched a new smartphone -- Moto X Play in the Indian market for Rs 18,499.
The new Moto E will also have a front-facing camera for selfies, though images won't be as sharp as the 5 megapixels on the rear.
Lenovo shares tumbled as much as 15.7 percent to HK$8.48 on the media report and broker downgrades after last week's announcement that Lenovo would buy Google's Motorola handset division for $2.9 billion.
Lenovo Group today reported results for its first fiscal quarter ended June 30, 2013, with quarterly revenue of US$8.8 billion, a ten percent increase year-over-year.
Sharp Corp is likely to seek fresh bank loans to help it repay a USD 2.1 billion convertible bond due in September, with no further equity deals likely after Samsung Electronics Co agreed to buy a 3 percent stake in the company for USD 111 million, three sources familiar with the matter said.
Sharp Corp is set to rebound to a quarterly profit, sources familiar with the matter said on Friday, improving the bailed-out consumer electronics maker's chances of convincing lenders and shareholders that it is a viable company.
Lenovo Group Ltd, on track to become the world's top maker of personal computers, reported a record quarterly profit, up 33.5 percent from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business.
Sharp Corp may sell its Chinese TV assembly plant to Lenovo Group as the cash-strapped Japanese TV maker looks to sell assets to bolster its finances, sources said.
Struggling Japanese TV-maker Sharp Corp is in the final stages of talks with Lenovo Group Ltd to form a television operations partnership in China the Nikkei reported.
Lenovo Group Ltd, on track to become the world's top PC maker, posted a 12.6%- rise in quarterly net profit, its weakest pace in about three years, as consumers increasingly switched to mobile gadgets from PCs for their computing needs.
Hewlett-Packard Co's personal computer business will retain its position as the world's largest PC manufacturer even after any spinoff, the head of HP's PC business said on Tuesday.
Chinese computer maker Lenovo Group Ltd's has agreed to buy Germany's Medion AG in a deal valuing the electronics retailer at up to USD 900 million, to boost its market share in Europe.
Chinese computer-maker Lenovo Group, the fourth largest vendor of computers worldwide, has launched its new tablet computer LePad to take on Apple's iPad and plans to launch two or three more new tablet computers later this year.
Lenovo Group, the world's No. 4 PC brand, is worried about the impact that the Japanese earthquake could have on its supply of parts in the next quarter, Chief Executive Yang Yuanqing said on Thursday.
Lenovo Group, the world's No.4 PC brand, beat expectations by posting a 25% rise in third-quarter net profit, its best result in more than two years, helped by a strengthening Chinese currency and lower component costs.
China's Lenovo Group is in talks with Japan's NEC Corp for a joint venture in personal computers, two sources with direct knowledge of the matter said, in a deal that would help them take on larger global rivals.
China's Lenovo Group is in talks to take a controlling stake in the PC business of Japan's NEC Corp in a deal that would help it close the gap with larger global rivals, the Nikkei newspaper said.
Lenovo Group, which is making a concerted push into tablets, said it expects the devices to see good growth but still eventually only make up a fraction of the broader personal computer market.