{"id":28982,"date":"2020-05-20T10:59:12","date_gmt":"2020-05-20T10:59:12","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=281533"},"modified":"2020-05-20T10:59:12","modified_gmt":"2020-05-20T10:59:12","slug":"lenovo-rues-virus-disruption-to-mobile","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/05\/20\/lenovo-rues-virus-disruption-to-mobile\/","title":{"rendered":"Lenovo rues virus disruption to mobile"},"content":{"rendered":"

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\tLenovo lamented the impact of the Covid-19 (coronavirus) pandemic on its mobile business in its fiscal Q4 (to end-March), as it was forced to shutdown its primary global factory in the Chinese city of Wuhan which contributed to a sharp revenue dip.<\/p>\n

In an earnings statement the company said its mobile division was \u201con target for a breakthrough year\u201d before the pandemic struck and caused the factory closure.<\/p>\n

Mobile Business Group revenue declined 46.7 per cent year-on-year to $824 million in fiscal Q4, and slipped to a pretax loss of $60 million from a $4 million profit \u201cafter aggressive expense actions mitigated part of the negative impact from less supply\u201d.<\/p>\n

Despite the Wuhan factory shutdown, Lenovo said it leveraged its global manufacturing footprint and produced 6 million phones during the quarter.<\/p>\n

At group level, revenue dipped to $10.6 billion from $11.7 billion, due to industry-wide supply disruption related to Covid-19, while net income dropped from $118 million to $43 million.<\/p>\n

Revenue from the Intelligent Devices Group, which includes mobile, PC and smart devices, declined 4.4 per cent to $8.5 billion, with Data Centre Business Group sales down 3 per cent to $1.2 billion.<\/p>\n\n

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Lenovo lamented the impact of the Covid-19 (coronavirus) pandemic on its mobile business in its …<\/p>\n

The post Lenovo rues virus disruption to mobile<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Lenovo rues virus disruption to mobile - ITTeacherITFreelance.hk","description":"Lenovo lamented the impact of the Covid-19 (coronavirus) pandemic on its mobile business in its ... The post Lenovo rues virus disruption to mobile appeared fir"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/28982"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=28982"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/28982\/revisions"}],"predecessor-version":[{"id":28983,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/28982\/revisions\/28983"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=28982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=28982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=28982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}