Lenovo’s pandemic boost is over

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.


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