South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut. A company statement said the S4 had already passed the 10-million sales mark following its April 26 launch. It's predecessor, the S3, took 50 days to reach the same threshold. The world's top handset maker hopes the S4 will expand its presence in high-end markets in the United States and elsewhere, crowding out archrival Apple and its iconic iPhone.

South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut. A company statement said the S4 had already passed the 10-million sales mark following its April 26 launch. It's predecessor, the S3, took 50 days to reach the same threshold. The world's top handset maker hopes the S4 will expand its presence in high-end markets in the United States and elsewhere, crowding out archrival Apple and its iconic iPhone.

By Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, posted on Thursday an estimate-beating 90 percent rise in quarterly profit, its fastest in seven quarters.

SAN FRANCISCO - Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain. The conflicting signs of further deterioration and potential recovery emerged in Hewlett-Packard Co.'s latest quarterly report released Wednesday.