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Lenovo returns to profit as quarterly sales grow 19%

2018-08-16 08:50:00| Telecompaper Headlines

(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago. 

Tags: sales returns profit grow


Lenovo Smart Display Shows Loads of Potential

2018-07-27 17:17:58| TechNewsWorld

Lenovo's Smart Display with Google Assistant has hit the market. There are two versions of the device, 8-inch and 10-inch, both with full HD screens, and priced at $200 and $250 respectively. "The cost is significantly below an iPad mini and it offers far more functionality than just a digital picture frame or a Bluetooth speaker," said Alan Lepofsky, principal analyst at Constellation Research.

Tags: display shows potential smart


Lenovo Lied About the Design and Features of Its New Z5 Phone

2018-06-06 16:02:40| Extremetech

Lenovo misrepresented the design of its new "flagship," the Z5. The company claimed the phone had multiple features it doesn't possess. The post Lenovo Lied About the Design and Features of Its New Z5 Phone appeared first on ExtremeTech.

Tags: new design phone features


ET Deals: Lenovo ThinkPad X1 Convertible Laptop with Stylus for $550

2018-06-04 21:45:16| Extremetech

If you're in the market for a portable workhorse for your creative endeavors, the 12-inch ThinkPad X1 is hard to beat. It's small, secure, and it even offers stylus support of the detachable touchscreen. And when you buy from the PCMag Shop, you can save $150 off the sticker price. The post ET Deals: Lenovo ThinkPad X1 Convertible Laptop with Stylus for $550 appeared first on ExtremeTech.

Tags: for deals laptop convertible


Lenovo posts FY loss as mobile losses offset PC recovery

2018-05-24 08:47:00| Telecompaper Headlines

(Telecompaper) Lenovo posted a net loss for its fiscal year to March of USD 189 million, versus a profit of USD 535 million a year earlier, hurt by continued losses at its smartphone and data centre businesses and a writedown of tax assets after the US corporate tax reform. Revenues rose 5 percent to USD 45.35 billion, as the PC division returned to growth, while operating profit dropped 42 percent to USD 387 million. The company maintained its dividend at HKD 20.5 cents per share. 

Tags: pc posts mobile loss


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