https://ift.tt/tLIRpyT Reports First Revenue Drop in 10 Quarters Amid Weakening Global PC Market - Level tech

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Thursday, November 3, 2022

https://ift.tt/tLIRpyT Reports First Revenue Drop in 10 Quarters Amid Weakening Global PC Market

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Lenovo on Thursday reported its first revenue decline since March 2020, or over 10 quarters, amid a weakening PC market globally. The company is hit particularly hard in China due to the country's COVID containment measures, the company said, adding that revenue from China fell 12 percent from the same quarter last year.Lenovo on Thursday reported its first revenue decline since March 2020, or over 10 quarters, amid a weakening PC market globally. The company is hit particularly hard in China due to the country's COVID containment measures, the company said, adding that revenue from China fell 12 percent from the same quarter last year.

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