HONG KONG - Lenovo Group, the world's biggest maker of personal computers, reported a deep slump in fourth-quarter profit due to disruptions caused by the coronavirus crisis, although the result was far better than expected.
He told a separate briefing the company estimates that in two to three years the total addressable market for PCs industry-wide may have increased by 25 per cent to 30 per cent. The stronger-than-expected results lifted Lenovo shares, which were up 5 per cent in Wednesday afternoon trade. "We have resumed 100 per cent production in China," Yang told Reuters, although he noted that some components were still in short supply.
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