Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more 禄Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
City-born architect lists inspiration behind his designs in a new book
Digitization helps preserve, disseminate intangible cultural heritage
Sunday
- Subscribe
Lenovo posts surprising quarterly loss
Print Edition
LENOVO Group Ltd, which lost its leading position in the world’s PC market to HP in 2017, posted a surprising loss of US$289 million in the quarter ended in December, the company said yesterday.
Lenovo attributed the loss to a one-time tax charge of about US$400 million related to the US tax reform. But the Trump administration’s tax reform may see the company pay a lower tax rate for its US operations “in the longer term,” market observers said.
In the quarter ended on December 31, Lenovo’s loss came to US$289 million, compared with a profit forecast of between US$124.5 million and US$128 million based on analysts’ estimates. A year ago, Lenovo posted a net profit of US$98 million.
The company’s revenue totaled US$13 billion in the quarter, up 6 percent from a year ago.
The global market for personal computers grew slightly during the quarter amid sluggish demand. Hewlett-Packard has overtaken Lenovo as the world’s No. 1 PC maker, said International Data Corp.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
