China’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/lenovo” target=”_blank”>Lenovo, the world’s largest personal ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/computer-manufacturer” target=”_blank”>computer manufacturer, on Thursday reported a worse-than-expected 64% fall in fourth-quarter ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/profit” target=”_blank”>profit, which it said was mostly due to a non-cash decline in the value of warrants.
Lenovo reported revenue of $16.98 billion for the quarter ended March 31, which exceeded analysts’ expectations of $15.6 billion, LSEG data showed.
Net profit to the company’s owners came in at $90 million, well short of the average analyst estimate of $225.8 million, according to LSEG data.
Lenovo launched its first AI-powered PCs in…
