CHINESE personal computer giant Lenovo declared flattening second quarter results as profits rose 11 per cent year on year to US$516 million drawn on flat revenues to $16
CHINESE personal computer giant Lenovo declared flattening second quarter results as profits rose 11 per cent year on year to US$516 million drawn on flat revenues to $16.96 billion. Lockdowns in China during the quarter dealt a blow to the PC supply chain, with major laptop manufacturing partners including Quanta, Compal and Wistron suffering significant manufacturing disruptions, according to a report by research firm Counterpoint.
Flat revenue for the April-June quarter was blamed on Covid lockdowns, that made for the most subdued.
SeaNews Turkey
