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
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03Steelworks costing 1.3m a day to run
16.03Funding change ends school holiday food vouchers
16.03Firms to be paid to hire unemployed young people
16.03Ukraine's urgent fight on the financial frontline
16.03Starmer to set out support plan for heating oil costs
16.03Starmer to set out support plan for heating oil costs
15.03UK looking at all options to secure Strait of Hormuz, says Miliband
15.03We will intervene on energy bills if necessary, says Miliband
More »