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Lenovo increases profits, a buffer against coronavirus issues
- Friday | 21st February, 2020
“The numbers are very good,” said Christopher Yim, analyst at BOCOM International, adding that the PC business’ profitability was impressive. Iphone maker Apple warned earlier this week it will not be able to meet sales forecasts for the current quarter as the virus outbreak was pressuring its supply chain. Demand from China in the current quarter would be hit but the company would be buffered as the country only accounts for 25% of the company’s overall business, he said. The global PC market grew 2.3% in the quarter to December, as customers replaced machines to migrate to Windows 10, market research firm Gartner said last month. Lenovo took a 24.8% market share during the quarter, ahead of rivals HP Inc and Dell, it said.
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