Lenovo Targets PC Sales Growth This Quarter on Recovery Signs
- AI to drive next round of growth next year, CEO says
- Lenovo’s profit decline was smaller than feared last quarter
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Lenovo Group Ltd. is targeting revenue growth in personal computers this quarter after signs of a long-awaited recovery helped it report a smaller-than-feared profit decline.
The world’s largest PC maker expects “much better” demand in China, Lenovo Chief Executive Officer Yang Yuanqing said. The Intelligent Devices Group division, which also includes mobile devices like smartphones, has seen revenue slide every quarter since early 2022. Demand for artificial intelligence will push the next round of growth next year, he said.