China's Lenovo recorded its smallest revenue growth in nine quarters as the world's biggest PC maker saw sales of the devices ease
The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/IllustrationWai Ming Wong, chief financial officer of the company, said in an earnings call that the company's device business saw quarterly revenue decline 3% because of "the weak consumer PC demand and the COVID-led supply constraints."
Yang Yuanqing, Lenovo's chairman and chief executive, told Reuters in an interview that he expects this year's global PC shipments to be between 300 million units and 310 million units. That would be a near 10% dip from the figure of 341 million units shipped last year reported by data firm Canalys.
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