That's right, Lenovo's Mobile Business Group (MBG) managed to both "resume profitability" after suffering at the hands of the coronavirus pandemic and deliver double-digit revenue growth year-on-year in the October - December 2020 timeframe confusingly listed as the third quarter of the 20/21 fiscal period in the tech giant's latest financial report.
As you can imagine, Lenovo didn't exactly make tons of money off Motorola's smartphones during the aforementioned year-end three months, but the $10 million pre-tax gain was still its highest profitability score since it acquired the US-based handset industry veteran back in 2014.
Both that encouraging number and the division's 10 percent revenue increase compared to the final calendar quarter of 2019 came from the "continued expansion" of the Moto-branded product portfolio and a "significant boost of average selling prices on strong product launches."
That latter part seems to suggest devices like the Motorola Edge and Edge+, as well as the Motorola One 5G and Moto G 5G Plus, also performed decently enough rather than just low-cost models like the Moto G9 or E7 Plus. Interestingly, Latin and North America were highlighted as two of the MBG's strongest regions despite a recent US sales report compiled by Counterpoint Research estimating Motorola's local Q4 decline at a whopping 69 percent.
Going forward, Lenovo expects its mobile business to "continue to leverage 5G innovation to drive future profitable growth." Speaking of, 5G sales are already contributing a solid 14 percent to the total MBG revenue, which is a number that's pretty much guaranteed to go up in the next few quarters.
Elsewhere, Lenovo unsurprisingly derived the bulk of its revenue and profit from the market-leading PC division, wrapping up the quarter with record-breaking overall figures.