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The Latest Breaking News from Lenovo Group Ltd

Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Lenovo Clocks Slowest Revenue Growth In 7 Quarters As Pandemic Demand Cools Down

Lenovo Clocks Slowest Revenue Growth In 7 Quarters As Pandemic Demand Cools Down

Lenovo Group Ltd (OTC:LNVGY) reported fourth-quarter FY21/22 revenue growth of ~7% year-on-year to $16.69 billion, below the consensus of $17.36 billion. SSG revenue grew 28% and improved its operating margin by more than 1 point Y/Y. ISG sustained its profitability. IDG improved its operating margin Y/Y. It marked Lenovo's slowest growth in seven…

Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

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DiDi Faces Double Whammy Of US, China Investigations

The U.S. SEC is probing DiDi Global Inc's (NYSE:DIDI) botched U.S. IPO, the Financial Times reports. DiDi's annual report disclosed that "the SEC contacted us and made inquiries in relation to the offering." DiDi President Jean Liu also made her posts on the Chinese social media platform Weibo Corporation (NASDAQ:WB) invisible to her 10 million…

Lenovo Clocks 17% Revenue Growth In Q3 Backed By Premium PC Segments

Lenovo Group Ltd (OTC:LNVGY) reported third-quarter FY21 revenue growth of 17% year-on-year to $20.13 billion, beating the consensus by $1.47 billion. Premium PC segments delivered high growth. Workstation revenue grew 40% Y/Y, and gaming revenue rose 27% Y/Y. Smartphones maintained a healthy profit for the seventh consecutive quarter, with revenue growth of 46%…

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