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: NRF 2023 Insights Sharing WebinarResearch Preview: Market Navigator—US Mass Merchandisers, Warehouse Clubs and Discount StoresUS Consumer Tracker: More Shoppers Cut Grocery Purchases Amid High Inflation AwarenessWeinswig’s Weekly: Is the Metaverse Dead for Retail?