Home › Lenovo Q4 results hit by Wuhan production shutdown, product shortages
 

Keywords :   


Lenovo Q4 results hit by Wuhan production shutdown, product shortages

2020-05-20 09:15:00| Telecompaper Headlines

(Telecompaper) 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. 

Tags: results product hit production

Category:Telecommunications

Latest from this category

All news
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
01.12How Kiro AI Agents Accelerate Development from Modernization to Cloud Migration Analysis
Telecommunications »
14.12Train timetable revamp takes effect with more services promised
14.12Tories to scrap petrol car ban if they win next election
14.12Brixton Soup Kitchen prepares for busy Christmas
14.12Supermarket skincare dupes could save you hundreds. But do budget beauty products work?
14.12'A nightmare' - The battle over Warner Bros is turning Hollywood upside down
13.12This Week in Agribusiness, December 13, 2025
13.12This Week in Agribusiness, December 13, 2025
13.12No 10 says it backs pubs as landlords bar Labour MPs in tax protest
More »