Published 2 years ago

China's Lenovo says supply issues to hit shipments, revenue growth slows

Summary by Ground News

Revenue rose to $16.69 billion in the quarter ended March 31 from $15.63 billion a year earlier. A rush to buy PCs during the pandemic culminated in record sales and profit for Lenovo in the December quarter. Sales have begun to lose steam as China, the company's biggest market, has been hit by the Omicron variant.

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Reuters

China's Lenovo says supply issues to hit shipments, revenue growth slows

China's Lenovo Group warned on Thursday that shipments would fall in the short term as China's COVID-19 lockdowns exacerbated shortages of microchips, after posting its slowest quarterly growth in seven quarters.

2 years ago·United Kingdom

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Channel News Asia

China's Lenovo posts 6.8% rise in Q4 revenue

HONG KONG :China's Lenovo Group posted a 6.8 per cent rise in fourth-quarter revenue, its slowest growth in seven quarters, as people shopped for fewer of its personal computers after months of strong pandemic demand.Revenue rose to $16.69 billion in the quarter ended March 31 from $15.63 billion a year earli

2 years ago·Singapore

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