Lenovo

Lenovo profit misses estimates as PC rivals erode global lead

Beijing - Arab Today

Lenovo Group Ltd.’s quarterly earnings missed projections as the world’s largest personal computer maker struggles to reboot a floundering PC and smartphone business. Net income fell 67 percent to $98 million in the quarter that ended in December, Lenovo said in a filing. That compares with the $145.9-million average of analysts’ estimates compiled by Bloomberg. Revenue was down 6 percentRead more

Lenovo faces 'sizeable challenges' as profits plunge

Beijing - AFP

Chinese technology giant Lenovo said it faced "sizeable challenges" Thursday as it saw profits plunge by more than two thirds. The Beijing-based company remains the world's largest PC maker, but has been trying to broaden its smartphone business as the market for personal computers fizzles. But it has struggled to keep pace with Apple and Android rivals. Shares in LenovoRead more

Chinese phonemakers are taking over local rivals in India

Bangalore - Arab Today

Chinese smartphone brands led by Vivo have muscled out local rivals in India with increasingly stylish yet affordable devices, challenging Samsung Electronics for supremacy in the world’s fastest-growing major phone market. Chinese labels occupied four of the top five spots in 2016’s final quarter, shoving aside Micromax and Intex, according to a Counterpoint Research report released on Tuesday. Samsung heldRead more

Indonesian nationalism takes a bite out of Apple

Jakarta - Arab Today

Apple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant’s efforts to compete in the booming emerging market against Samsung and other rivals. The iPhone 6S and 7 are yet to be released in Southeast Asia’s top economy as Apple struggles to fulfil requirements that phone makers must have 20 percent “local content”Read more

Japan's Fujitsu eyeing PC merger with China's Lenovo

Tokyo - AFP

Shares in Japanese IT giant Fujitsu soared Thursday on news it is considering merging its struggling personal computer division with China's Lenovo, the world's biggest PC maker. A deal would mark the latest move by a Japanese firm to hive off struggling divisions to repair their finances, with Toshiba and Sony among a string of companies that have sold offRead more

Deal puts Microsoft apps on Lenovo smartphones

San Francisco - AFP

Microsoft apps such as Office and Skype will be installed on Lenovo mobile devices powered by Android software under the terms of a collaboration announced late Monday. The US technology giant and the Chinese computer titan said they were "deepening their strategic relationship" with a move that could add to the ranks of people using Microsoft programs as services hostedRead more

Lenovo looks beyond computers with slick new phones

San Francisco - AFP

Chinese computer titan Lenovo showed off a keenly-awaited Tango smartphone on Thursday as it focused on a future at the heart of the Internet of Things. A market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology was given star treatment at a Lenovo Tech World gathering in San Francisco. PHAB2 can sense and map its surroundings, enabling hologramsRead more

Chinese tech company Lenovo's LatAm president highlights Argentina's potential

Buenos Aires - XINHUA

Luca Rossi, Chinese technology giant Lenovo's president for Latin America, said Argentina will become the company's third most important market in the region and highlighted its growth prospects, local media reported on Monday. "We have been in Argentina for several years but obviously we know that we can do much more," Rossi told local daily Cronista Commercial. In terms ofRead more