Lenovo Tumbles More Than 60 Percent on PC, Phone Troubles: ChartDavid Ramli
Lenovo Group Ltd. has lost more than 60 percent of its market value over the past year amid rising competition in personal computers and smartphones. The Beijing-based company, the world’s largest PC maker, bought the Motorola Mobility phone business from Google Inc. in 2014 in a bet to revive growth, but it has lost ground against competitors. When Lenovo reports earnings on Thursday, revenue is projected to fall 7.6 percent to $10.5 billion in the fourth quarter.
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