Home › Lenovo Q4 results hit by Wuhan production shutdown, product shortages
 

Keywords :   


Lenovo Q4 results hit by Wuhan production shutdown, product shortages

2020-05-20 09:15:00| Telecompaper Headlines

(Telecompaper) Lenovo reported revenue for its fiscal fourth quarter down 9.7 percent year-on-year to USD 10.6 billion. The company was hurt by the shutdown of its main smartphone production site in Wuhan due to the covid-19 pandemic as well as slower sales at its main PC business. Operating profit fell 39 percent to USD 166 million, and the net profit was down 64 percent to USD 43 million. 

Tags: results product hit production

Category:Telecommunications

Latest from this category

All news
07.01Microsoft 365 Copilot Business Signals a New Phase of AI Adoption for SMBs
04.01From AI Ambition to Enterprise Reality: Your Playbook for Winning the AI Game
Telecommunications »
10.01'Unprecedented' numbers seeking debt help post-Christmas, say charities
09.01Trump's Venezuela oil meeting starts with few concrete promises
09.01EU reaches South America trade deal after 25 years of talks
09.01Mexico confirms New World screwworm in Veracruz pig
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01U.S. red meat demand strong, despite tight supplies, trade issues
09.01Medgene adds new leadership to sales team
09.01NWRA Recognizes Outstanding Industry Leadership with 2025 Awards
More »