News Summary: Lenovo mobile sales drive profit

CORPORATE CHANGE: PC maker Lenovo says it is evolving quickly into a supplier of mobile computing as consumers shift away from desktop computers.

MOBILE BOOM: Sales of smartphones and tablets more than doubled in the quarter ended June 30, and the Chinese company sold more mobile devices than PCs during the period for the first time ever.

THE NUMBERS: Profit rose 23 percent to $174 million. Revenue rose 10 percent to $8.8 billion.