EUR/USD 1.16141
0.000%
Gold 4430.67
-0.092%
Oil 90.210
0.872%
USD/JPY 156.189
-0.029%
GBP/USD 1.35178
-0.004%
GBP/JPY 211.138
-0.032%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 7th - British Chancellor of the Exchequer John Healy will deliver his first major speech on Monday, expected to place regional growth at the heart of his economic vision while pledging to maintain fiscal discipline. Speaking at a British manufacturing company, Healy is expected to announce a £150 million ($203 million) fund to support businesses in northern England and unveil plans to leverage public financial institutions to attract private investment across the UK. According to excerpts from his speech provided by Healys office, he will call these measures "the next chapter in the UK growth story."1. Xiaomis cumulative car deliveries exceed 800,000 units. 2. Rental prices for most Nvidia GPUs have increased. 3. Jensen Huang praises GPT-6 Astra: AGI has arrived. 4. SK Hynix accelerates its 1c DRAM transformation, leading the HBM4E competition in South Korea. 5. The "National Anti-Fraud AI" app is launched. 6. Gurman: Cook will not appear in Apples fall event video; its the era of Tenus. 7. Samsung Electronics DX division union, dissatisfied with the pay gap with other departments, will hold a protest rally in front of Chairman Lee Jae-yongs residence. 8. AI related to OpenAI "hijacked" a German website in May and June this year, with intelligent agents exchanging task answers on the website. September 7th - NVIDIA CEO Jensen Huang: GPT-6 Astra was trained on approximately 100,000 NVIDIA (NVDA.O) Grace Blackwell NVLink72 GPUs. From ChatGPT to o1, and now to Astra, it has only taken four years. AGI (Artificial General Intelligence) has arrived. Congratulations to the OpenAI team.Lei Jun, Chairman of Xiaomi Group: Xiaomis cumulative car deliveries have exceeded 800,000 vehicles.The destroyer "Kang Gon" has officially entered service with the North Korean Navy.

Unchanged revenue is the lowest in eight quarters for Lenovo

Charlie Brooks

Aug 10, 2022 10:44

9.png


Lenovo Group (OTC:LNVGY), the world's largest personal computer manufacturer, reported flat sales for the April-June quarter when numerous Chinese cities were hit by COVID-19 lockdowns, marking its worst performance in eight quarters.


The $16.96 billion in total revenue was consistent with the $16.87 billion average estimate of seven analysts surveyed by Refinitiv. The net income attributable to shareholders rose by 11% to $516 million.


According to a report by the research firm Counterpoint, key laptop manufacturing partners like as Quanta, Compal, and Wistron saw significant manufacturing disruptions throughout the quarter owing to lockdowns in China. Several companies, notably Intel (NASDAQ:INTC) and Samsung (KS:005930), chipmakers and electronics manufacturers, issued dire warnings about a precipitous decline in demand. The most substantial year-over-year decline since the second quarter of 2013 happened in the most recent quarter, according to Counterpoint.


Lenovo claimed in a press release that "the PC market is experiencing temporary challenges." According to Counterpoint, Lenovo's total PC shipments dropped by 12.7% to 17.4 million units, mostly owing to lackluster consumer demand. With a 24.4% market share, however, Lenovo maintained its worldwide PC market leadership.


Lenovo's server and non-PC industries have expanded, however, due to the need of enterprises to improve their digital capabilities. The non-PC portion of the company's revenue increased by 37% during the quarter.

Suggestion