The Lenovo LePhone is an Android-based smartphone made specifically for the Chinese market.
The PC and LePhone maker starts up a business group to focus on the high-profile area of smartphones and tablets, along with technology for the digital home.
Higher PC shipments and a boost in market share help Lenovo grab a profit for the first quarter following last year's quarterly loss, while sales jump 50 percent.
Boosted by a leading market share in China, the PC maker sees its third-quarter earnings rise to $99.6 million from $79.5 million a year ago.
While other vendors are fretting about an uncertain economy, Lenovo executives are confident about the company's prospects.
With the Android-based "LePad," the Chinese company becomes just the latest vendor readying a pure tablet device.
Boosted by healthy consumer and corporate demand for its PCs, Lenovo enjoys a return to profitability and 56 percent sales growth for its fourth quarter.
Chairman of the Hong Kong-based PC maker blames Steve Jobs, saying he has a "bad temper," according to a Financial Times report.
Chairman and co-founder of world's fourth-largest PC maker talks to CNET about what the company is doing right, and why he looks forward to the end of "Wintel" dominance.
Smartphones with quad-core processors are always faster than dual-core processors, right? Only if you believe the myths.