In the technology sector, significant shifts have been observed in both the PC and tablet markets, alongside corporate financial performance updates. India's PC market experienced a -7% decline in 2023, despite improvements in the second half of the year. HP maintained its lead, while Lenovo surpassed Dell for the #2 spot. The Indian tablet market also saw a downturn, with a 24.9% decline in shipments in 2023, shipping 4.01 million units, according to the International Data Corporation (IDC). Samsung dominated this market with a 39.5% share. In China, the tablet market witnessed a 5.7% year-over-year decline in shipments for Q4 2023, with Huawei overtaking Apple as the leading brand, marking a significant shift in quarterly rankings since 2010. Lenovo reported a 3% increase in Q3 revenue to $15.72 billion, ending five quarters of decline, although its net income decreased by 23% to $337 million. The company's non-PC revenue now constitutes 42% of its total revenue. Additionally, Lenovo announced plans to release its first PC with artificial intelligence features by mid-year, following a double-digit profit drop. Lenovo's shares gained more than 3% after reporting a return to growth, signaling a positive outlook for PC makers.
World's largest PC #Lenovo Group tumbles in HK as banks cut target prices after results announcement. https://t.co/haGgRmRP6L https://t.co/KDjDrpFlvR
Lenovo Group Ltd.’s shares gained more than 3% after the world’s largest PC maker reported a return to growth, reflecting a gradual pickup in demand after a prolonged slump https://t.co/pIMCVN3wFW
Lenovo’s Earnings Are a Positive Sign for PC Makers. HP and Dell Report Next Week. https://t.co/FKTLjHbzqc
Lenovo To Ship First AI PC By Midyear After Double-Digit Profit Drop - Nikkei https://t.co/y3fhYg4EBN
❖ LENOVO PLANS TO RELEASE FIRST PC WITH ARTIFICIAL INTELLIGENCE FEATURES BY MIDYEAR - NIKKEI
China's Lenovo posts revenue growth after five quarters of decline https://t.co/x65HrG1Tyu https://t.co/kOH67FRt9u
Lenovo is now up to 42% non-PC revenue https://t.co/KHL1i7xRRX
Huawei overtakes Apple in China’s Q4 2023 tablet market https://t.co/LMSO6Ujhvj
Lenovo Arrests Sales Declines After Global PC Demand Picks Up https://t.co/y1qG99HCZv
Lenovo beats estimates with Q3 revenue up 3% YoY to $15.72B after 5 quarters of decline and net income down 23% YoY to $337M; services revenue up 10% YoY to $2B (@byjoshye / Reuters) https://t.co/syy43xvenL 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/JEWTaw17mF
China's Lenovo posts Q3 revenue growth, beats analyst estimates https://t.co/j7fQ4io3i5 https://t.co/tp01biNO6e
Q4 2023 IDC report reveals a 5.7% YoY decline in Chinese tablet shipments. Huawei takes the lead over Apple as the top tablet brand, marking the first change in quarterly rankings since 2010. #china #technology #TechNews #TabletMarket #Huawei #Apple https://t.co/kulP48dm8N
Indian tablet market records 24.9 per cent decline in 2023: IDC #Tablet #iPad https://t.co/lEcQnEdNJW
Indian tablet market records 24.9 per cent decline in 2023: IDC #Tablet https://t.co/lEcQnEdNJW
According to the International Data Corporation, the Indian tablet market shipped 4.01 million units last year, with Samsung accounting for 39.5 per cent of the total market share. #IDC #India #Samsung #Apple #Lenovo #Acer #Realme https://t.co/lEcQnEdfUo
India PCs -7% in 2023 although improved in 2H. HP still led while Lenovo moved past Dell into the #2 spot https://t.co/hLQuKUm2Fi https://t.co/FhYIJR6UE3