Welcome to our dedicated page for Lenovo Group news (Ticker: LNVGY), a resource for investors and traders seeking the latest updates and insights on Lenovo Group stock.
Lenovo Group Ltd (LNVGY) maintains its position as a global leader in computing solutions and smart device innovation. This news hub provides investors and technology professionals with essential updates on corporate developments, product launches, and strategic initiatives from the Hong Kong-listed technology pioneer.
Access authoritative coverage of Lenovo's financial announcements including quarterly earnings, annual reports, and material disclosures. Stay informed about new product releases across their portfolio - from consumer laptops to enterprise AI infrastructure solutions. Track partnership announcements and market expansion strategies shaping the company's growth in competitive tech sectors.
Our curated news collection serves as a reliable resource for understanding Lenovo's business trajectory, featuring verified press releases and objective analysis of corporate governance developments. Content is organized chronologically showcase the company's evolving position in personal computing, data center solutions, and smart device ecosystems.
Bookmark this page for streamlined access to critical updates impacting Lenovo's operational performance and technological roadmap. Regular visitors gain strategic insights into how the company maintains its leadership through R&D investments and global supply chain management.
Lenovo Group (HKSE: 992, ADR: LNVGY) announced its Q4 and full-year results for the fiscal year 2023/24, showing significant growth. Q4 revenue increased by nearly 10% year-on-year to $13.8 billion, and net income doubled to $248 million. For the full year, revenue was $56.9 billion with a net income of $1 billion. The Solutions and Services Group (SSG) saw a 12% annual growth in revenue, while the Infrastructure Solutions Group (ISG) achieved a record Q4 revenue of $2.5 billion. The Intelligent Devices Group (IDG) reported $44.6 billion in annual revenue, with PCs resuming growth in the second half. Lenovo's AI strategy, featuring new AI PCs, is expected to drive further growth. The Board declared a final dividend of 3.8 US cents per share.
Lenovo has unveiled the Yoga Slim 7x and ThinkPad T14s Gen 6, the first Copilot+ PCs powered by Snapdragon X Elite. These AI-enhanced laptops feature the 12-core Qualcomm Oryon CPU, Adreno GPU, and Hexagon NPU, offering up to 45 trillion operations per second (TOPS). The devices promise multi-day battery life, offline Large Language Model capabilities, and enhanced productivity tools. The Yoga Slim 7x focuses on creative tasks with a 14.5” OLED display, while the ThinkPad T14s Gen 6 caters to business users with up to 64GB LPDDR5x memory and robust security features. Both models will be available from June 2024, with prices starting at $1,199 and $1,699, respectively.
Lenovo has announced its Victoria Day Sale, offering up to 62% off on select PCs and electronics starting May 13. This three-week sale includes significant discounts on laptops, gaming PCs, tablets, monitors, and accessories. Highlights include laptops starting under $750, desktops starting at $409, and up to 55% off on desktops. Additional savings include an extra 20% off select Lenovo accessories and up to $100 off purchases over $500 with the code 'BUYMORELENOVO' starting May 20. My Lenovo Rewards members will earn double loyalty points from May 20-27. Free shipping is available on all orders.
Lenovo's Memorial Day Sale, running from May 13 to June 2, offers up to 62% off on select PCs and electronics, with laptops starting under $550 and desktops from $301. The sale features significant discounts on gaming PCs, tablets, monitors, and accessories, with additional 20% off on select Lenovo accessories. Special promotions include double loyalty points for My Lenovo Rewards members and extra savings of up to $100 for purchases over $500 using the code 'BUYMORELENOVO' starting May 20. Notable deals include Yoga 2-in-1 laptops, IdeaPad laptops, and Legion gaming PCs at some of the lowest prices ever offered.
Lenovo launches AI-based Cyber Resiliency as a Service (CRaaS) to enhance customer security by leveraging device telemetry and Microsoft security solutions. The new solution offers protection, detection, response, and recovery across digital estates and devices, aiding business continuity amidst increasing cyber threats. By simplifying security procurement and offloading laborious tasks, Lenovo aims to improve business productivity and efficiency.
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