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Lenovo, the world's biggest computer maker, reported a 16% YoY revenue decline to $14.4 billion for the three months through September, marking the fifth straight quarterly sales decline. Net income also dropped 60% YoY to $249 million. The decline is attributed to slow PC demand as supply continues to outstrip demand. The revenue decline met market expectations.
China's Lenovo posts another revenue decline as PC demand remains slow https://t.co/NPH1Rlt1GE https://t.co/vZP5lkdIiJ
WATCH: Lenovo's revenue fell 16% to just over $14.4 billion for the three months through September, in the computer maker’s fifth-straight quarterly decline https://t.co/j4ny6gnBnK https://t.co/zq8prtAUl8
Lenovo's revenue fell 16% to just over $14.4 billion for the three months through September, in the computer maker’s fifth-straight quarterly decline https://t.co/NPH1Rlt1GE https://t.co/oNSV00km3K
WATCH: The world's biggest computer maker Lenovo posts another drop in quarterly sales https://t.co/j4ny6gnBnK https://t.co/XCpY9BhBK1
The world's biggest computer maker Lenovo posts another drop in quarterly sales https://t.co/NPH1RlstR6 https://t.co/9UG7IMI5y1
Lenovo posts another revenue decline as PC demand remains slow https://t.co/Gq2efl4cLW https://t.co/IClTojPI4u
WATCH: China's Lenovo Group posted a 16% fall in revenue for the three months through September, meeting market expectations, as supply for personal computers continued to outstrip demand https://t.co/j4ny6gn3yc https://t.co/4FOyEXt03d
China's Lenovo Group posted a 16% fall in revenue for the three months through September, meeting market expectations, as supply for personal computers continued to outstrip demand https://t.co/NPH1Rlt1GE https://t.co/OkuDRuLgKz
Lenovo posts another revenue decline as PC demand remains slow https://t.co/8uelRjbbkW https://t.co/vwwEH2hSNI
Lenovo reports Q2 revenue down 16% YoY to $14.4B, meeting estimates but marking the fifth straight quarterly sales decline, net income down 60% YoY to $249M (@byjoshye / Reuters) https://t.co/sJ8svGOPXF 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/vgEnej8RCZ