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Wireless

Lenovo Q4 results hit by Wuhan production shutdown, product shortages

Wednesday 20 May 2020 | 09:15 CET | News
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. 

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Categories: IT / Mobile & Wireless
Companies: Lenovo
Countries: World
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