Why Lenovo has logged its first loss since 2015

Josh Budd
clock • 2 min read

Chinese hardware goliath raked in a $291m profit in its PC business in its Q1, so why did it tumble into the red?

Lenovo has posted its first quarterly loss since its fiscal Q2 of 2015 as a result of shelling out more on marketing costs to support new product launches. For its first financial quarter ending...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Juniper Networks CEO: 'We're just scratching the surface' with AI-powered networking

Vendor

'There’s a lot of talk about AI and it can be very confusing. It’s a cluttered space. I think the best thing that customers and partners can do is to look at actual examples of deployments. And more importantly, the value that has been delivered as a result of these AI-based deployments for our customers,” Juniper Networks,’ CEO Rami Rahim tells CRN.

clock 15 April 2024 • 5 min read
Barracuda CRO Chris Ross waves goodbye after nine years

Vendor

Ross shares with CRN his heartfelt farewell to the vendor and teases his next move

clock 12 April 2024 • 2 min read
Cisco launches tech consortium aimed at upskilling the workforce for AI

Vendor

Participating firms include Google, Accenture, IBM, Intel, Microsoft and SAP

clock 05 April 2024 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Salesforce drops $11bn Informatica acquisition pursuit

Salesforce drops $11bn Informatica acquisition pursuit

Salesforce has dropped its acquisition plans to buy data management software company Informatica for an estimated $11bn, reports indicate

Mark Haranas
clock 22 April 2024 • 2 min read
Qualys reintroduces itself to the channel under new sales leadership

Qualys reintroduces itself to the channel under new sales leadership

CRO Dino DiMarino and SVP channels and alliances Barb Huelskamp speak to CRN about the vendor's revamped channel strategy and MSSP focus

clock 22 April 2024 • 3 min read
Google layoffs hit finance, real estate divisions: Report

Google layoffs hit finance, real estate divisions: Report

“We’re responsibly investing in our company's biggest priorities and the significant opportunities ahead,” a Google spokesperson said in an email

Wade Tyler Millward
clock 18 April 2024 • 2 min read