Flash Report 6 minutesRegister for Free AccessLenovo Happy Investors, Despite Lenovo’s First Loss in Six Years Coresight Research November 20, 2015 Executive Summary On November 12, Lenovo reported a net loss of US$714 million in its second-quarter results for fiscal year 2016. The loss was the first in six years, but the results were better than analysts had anticipated. Lenovo faces declining PC sales and growing competition in smartphones in China. One-off costs impacted profits, but a restructuring is expected to improve the company’s competitiveness. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Things You Need To Know: Head-to-Head in US Drugstore Retailing—CVS Health vs. Walgreens Boots AllianceRetail Shrink and ORC: Is Self-Checkout on the Way Out? US Retailers Scale Back To Fight TheftThe AI Revolution: Unveiling Opportunities for Growth and Innovation—Insights Presented at NACDS Annual Meeting 2024Weekly US and UK Store Openings and Closures Tracker 2023, Week 12: US Closures Up by One-Quarter Year over Year
