Levono reports 24 per cent fall in revenue
 

Prolonged PC slump

Lenovo posted a 24 per cent fall in revenue for the April-June quarter, due to what it called a prolonged slump in global demand for personal computers.

This is the fourth consecutive quarter of sales declines and the company reported a 14 per cent drop in annual profit for the year that ended in March, its first annual decline since 2019.

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