Tuesday, June 19, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft HoloLens Provides Access to Raw Image Sensor streams with Research Mode
CCIX Consortium Base Specification 1.0 Allows Companies to Deliver CCIX Production Devices
YouTube Music and YouTube Premium Launch in More Countries
HPE Says Astra is The World's largest Arm-based Supercomputer
Garmin fēnix 5 Plus GPS Sportswatch Adds Maps, Music, Garmin Pay and Wrist-based Pulse Ox
Google Uses Deep Learning to Predict When a Patient Will Die
Volvo Penta Unveils Self-docking Yacht Technology
iOS 12 Will Automatically Share Your Location with The Police
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Lenovo'...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 24, 2018
Lenovo's PC Sales Shows Signs of Life, Although Smartphones Sales Remain Low


Lenovo Group Ltd. posted its fastest pace of revenue growth in more than two years by pushing premium computers and expanding its datacenter business in a generally stabilizing PC market.

The world's second-largest PC vendor reported a 69 percent plunge in net income to $33 million in the three months ended March as it grappled with rising expenses. Sales however jumped 11 percent to $10.6 billion, surpassing the $9.8 billion projected and marking its first double-digit percentage increase since late 2015.

Lenovo, has focused on pushing its premium line of PCs into the lucrative gaming segment.

Revenue from PCs and devices climbed 16 percent to $7.7 billion in the quarter. But higher costs, for instance of memory chips, pushed the division's profit 2 percent lower.

Lenovo continues to be weighed down by the poor performance of a subscale mobile segment despite an improved datacenter business.

The company keeps pushing back the deadline to turn around the smartphone business, a mix of Lenovo and Motorola branded products.



Previous
Next
Twitter and Facebook Reveal Measures to Bring Transparency to Political Ads        All News        Uber's Self-driving Recognized Pedestrian Late and Failed to Brake: NTSB
Seagate's New VR Power Drive Adds Capacity and Extends Battery Life of the HTC VIVE Focus VR Headset     PC Parts News      Next@Acer: Acer Debuts Premium Chromebooks, Gaming Desktops and Notebooks

Get RSS feed Easy Print E-Mail this Message

Related News
E3: Updated Lenovo Legion Gaming PCs are Stylish and Savage
Lenovo Unveils New moto g6 and moto e5 Smartphones
Lenovo Debuts Ruggedized Chromebook Trio and New Lenovo Yoga 730 and 530 ab MWC
Lenovo Recalls the ThinkPad X1 Carbon 5th Gen Laptop
Lenovo's PC and Smart Device Businesses Grow, But Mobile Turnaround Target Missed
CES 2018: New Lenovo Miix 630 2-in-1 Detachable, ThinkPad X1 Series and Lenovo Smart Display With Google Assistant
Lenovo Introduces 2018 ThinkPad Portfolio
Lenovo to Buy Fujitsu PC Unit Stake
Lenovo Could Take Over Fujitsu's PC Unit
Lenovo Settles FTC Charges it Harmed Consumers With Preinstalled Adware on its Laptops
IFA 2017: Lenovo Announces Windows Mixed Reality Headset and new 2-in-1 laptops
gamescom 2017: Lenovo Announces New Legion Gaming Towers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .