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Lenovo CFO says forex hurt the PC-maker’s Q3 earnings but smartphone sales in India, EMs was strong

Foreign exchange fluctuations were Lenovo’s biggest headache in the third-quarter, Wong Wai Ming, chief financial officer at the world’s biggest PC maker, told CNBC.

Wong, who is a member of CNBC’s Global CFO Council, said that other than the greenback, currencies were depreciating in both mature and emerging markets. This was a problem when earnings from outside the U.S. were reported in U.S. dollars, he said.