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.� [ more ]

Tags: results product hit production

Category:Telecommunications

Latest from this category

All news
»
29.03Weekly Recap: Sherwin-Williams, AkzoNobel and AI Top This Weeks Stories
29.03Charity sees surge in baby starter pack referrals
29.03FFA TRIBUTE: T. Wayne Williams, Tennessee State FFA President
29.03This Week in Agribusiness, March 29, 2025
29.03FFA TRIBUTE: T. Wayne Williams, Tennessee State FFA President
29.03This Week in Agribusiness, March 29, 2025
29.03'A noose around our neck': Residents driven out by UK's largest road tunnel
29.03Musk's xAI buys his social media platform X
More »