0
General

Lenovo quarterly sales flat, profits up on premium PC growth

Thursday 20 February 2020 | 08:57 CET | News
Lenovo reported sales unchanged year-on-year for its fiscal third quarter to December, at USD 14.1 billion. Operating profit was still up 12 percent to USD 488 million, thanks to strength in premium PCs and profitability at its mobile business. Net profit increased 11 percent to USD 258 million. The company said it was seeing some impact on its supply chain and production due to the coronavirus outbreak, but would leverage its global footprint to minimise the effect on results. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Lenovo
Countries: World
::: add a comment
This article is part of dossier

5G

,

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Lenovo Q4 results hit by Wuhan production shutdown, product shortages

Published 20 May 2020 09:15 CET | World
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 ...

Global PC shipments fall in Q1 as Covid-19 impacts supply chain

Published 14 Apr 2020 16:11 CET | World
Data from IDC and Gartner shows that global PC shipments fell in Q1 2020, despite increased demand to meet remote work and school ...

Lenovo integrates SentinelOne's endpoint protection within own ThinkShield security portfolio

Published 11 Mar 2020 10:28 CET | World
Lenovo and SentinelOne entered a strategic partnership to integrate SentinelOne's autonomous endpoint protection platform within ...

MEA personal computer shipments dip in Q4

Published 03 Mar 2020 11:07 CET | Africa
The Middle East and Africa (MEA) personal computing devices (PCD) market, made up of desktops, notebooks, workstations and ...

Lenovo shows highest tablet shipment growth in Q4 - study

Published 05 Feb 2020 11:00 CET | World
Lenovo recorded the strongest tablet shipment growth in the fourth quarter, boosted by less competition from a Huawei under ...

Worldwide PC shipments grow 2.3% in Q4, 0.6% for 2019

Published 14 Jan 2020 15:56 CET | World
Worldwide PC shipments rose 2.3 percent year-on-year to 70.6 million units in the fourth quarter of 2019, according to ...

Lenovo expands smart home range with new Smart Tab, Smart Frame and security launches

Published 07 Jan 2020 10:13 CET | World
Lenovo has taken advantage of its appearance at CES 2020 to launch three new smart home products with Google Assistant ...

Lenovo unveils foldable, 5G laptops at CES

Published 07 Jan 2020 09:40 CET | World
Lenovo has presented at CES its ThinkPad X1 Fold, a 13.3-inch laptop with foldable Oled display. The device is planned to go on ...

Lenovo launches new line-up of Lenovo Legion gaming products at CES

Published 06 Jan 2020 09:37 CET | World
Lenovo launched at CES 2020 a new line-up of Lenovo Legion gaming products that includes new laptops, monitors and peripherals. ...

Lenovo quarterly revenue growth slows to 1%, net profit still up 20%

Published 07 Nov 2019 09:19 CET | World
Lenovo saw its revenue growth slow to 1 percent in the fiscal second quarter to September, to USD 13.52 billion, as the uncertain ...

Lenovo launches new home hub tablets with Google Assistant Ambient mode

Published 06 Sep 2019 09:28 CET | World
Lenovo has introduced at the IFA show two new Android tablets designed to work also as smart home hubs. In addition to the Yoga ...

Lenovo doubles quarterly profits on cost cuts, strong PC sales

Published 15 Aug 2019 09:00 CET | World
Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its ...