Home / Youth

Lenovo hit by rejig cost, flat PC sales

By Wang Xing | China Daily | Updated: 2009-05-22 08:12

Lenovo hit by rejig cost, flat PC sales

Chinese computer maker Lenovo Group yesterday posted a second consecutive quarterly loss due to restructuring costs and flat worldwide PC sales, dragging its whole year earnings into the red.

But the company said that keeping the dominant position in China will help it get through the current difficult period.

The world's fourth largest PC vendor recorded a loss of $264 million for its fiscal fourth quarter ended March, following a $96.7 million loss for the previous quarter. Its worldwide PC shipments declined 8.2 percent year over year due to sluggish demand from corporate consumers.

Lenovo hit by rejig cost, flat PC sales

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349