Lenovo reports loss
Lenovo reported $ 16 million quarterly loss, the CEO of the company Yang said sluggish market in US and Europe is the main reason for the loss, last year it had a $ 110 million profit.
Lenovo’s PC sales rose by 1.1 %, but the overall industrywide sales down by 3.3 %.
Lenovo CEO Yang said their sales in China remain unchanged which is $ 1.7 billion.
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