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

19.06Modernizing for Compliance: A Strategic Roadmap for Public Sector and Higher Ed, including CMMC
17.06Hybrid Clouds Role in the Future of Healthcare Infrastructure
Telecommunications »
30.06Tropical Storm Barry Graphics
30.06Tropical Storm Flossie Graphics
30.06Eastern North Pacific Tropical Weather Outlook
30.06Tropical Storm Flossie Public Advisory Number 3a
30.06Summary for Tropical Storm Flossie (EP1/EP062025)
30.06Tropical Storm Barry Public Advisory Number 5a
30.06Summary for Tropical Storm Barry (AT2/AL022025)
30.06Atlantic Tropical Weather Outlook
More »