The pandemic has given Lenovo, the grand dame of China’s IT industry, an unexpected boost. As that momentum fades, the world’s largest personal computer maker must find a new source of growth.
The Chinese PC maker said on Wednesday that revenue in the quarter ending June was flat year-on-year, down from growth of 7% in the first three months of 2022 and 18% in the first three months of 2022. during the last financial year. After two years of strong demand from students and workers stuck at home, a slowdown in the PC market was inevitable. Global PC shipments fell 15% year-on-year in the second quarter after falling 5.1% in the first quarter, according to industry tracker International Data Corp.