{"id":296844,"date":"2024-08-15T11:42:14","date_gmt":"2024-08-15T11:42:14","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&#038;p=296844"},"modified":"2024-08-15T11:42:14","modified_gmt":"2024-08-15T11:42:14","slug":"lenovo-q1-revenue-jumps-20-signals-pc-market-recovery","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery","title":{"rendered":"Lenovo Q1 Revenue Jumps 20%, Signals PC Market Recovery"},"content":{"rendered":"<p><b>Chinese-based PC maker Lenovo reported a 20% increase in its first-quarter revenue on Thursday, indicating a potential resurgence in the global PC market.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400\">The company\u2019s revenue climbed to $15.4 billion, surpassing analyst expectations. Net income also experienced a significant uplift, rising 38% to $243 million.<\/span><\/p>\n<p><a href=\"https:\/\/www.techopedia.com\/training-the-workforce-with-vr-the-big-interview-with-vishal-shah-lenovo\"><span style=\"font-weight: 400\">Lenovo\u2019s<\/span><\/a><span style=\"font-weight: 400\"> strong showing this quarter is in stark contrast to its worse-than-expected 24% fall in revenue for the April-June quarter last year. The slump, which was blamed on a prolonged decline in global demand for PCs left Lenovo with its fourth consecutive quarter of sales declines since 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this <\/span><a href=\"https:\/\/www.businesswire.com\/news\/home\/20240814460489\/en\/Lenovo-Group-First-Quarter-Financial-Results-202425\/\" target=\"_blank\"><span style=\"font-weight: 400\">latest quarter\u2019s profit<\/span><\/a><span style=\"font-weight: 400\"> of $243 million represents a big improvement and marks the company\u2019s third consecutive quarter of growth.<\/span><\/p>\n<h2><span id=\"the_pc_market_gathers_momentum\">The PC Market Gathers Momentum<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The global PC market is gaining momentum after it endured a two-year downturn. In the second quarter of 2024, <\/span><a href=\"https:\/\/www.canalys.com\/newsroom\/global-pc-market-q2-2024\" target=\"_blank\"><span style=\"font-weight: 400\">shipments of desktops and laptops<\/span><\/a><span style=\"font-weight: 400\"> increased by 3.4% compared to the same period last year, reaching a total of 62.8 million units. Laptops saw a higher growth rate of 4%, while desktops experienced a slight uptick of 1%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Increasing demand for AI-capable devices and a gradual recovery in consumer spending after COVID-19 are driving the market forward. As businesses and individuals seek more powerful computing solutions to harness emerging AI technologies, the demand for high-performance PCs is on the rise, and it seems <\/span><a href=\"https:\/\/www.techopedia.com\/news\/lenovo-sets-its-sights-on-unique-ai-capabilities-for-its-computers\"><span style=\"font-weight: 400\">Lenovo\u2019s announcement to integrate unique AI capabilities<\/span><\/a><span style=\"font-weight: 400\"> in its next PC lines will help it to capitalize in the coming quarters.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While Lenovo\u2019s results are promising, the global economic climate remains uncertain given the recent bear run experienced in the <\/span><a href=\"https:\/\/www.techopedia.com\/news\/experts-foresee-30-drop-in-us-stocks-by-next-year-heres-why\"><span style=\"font-weight: 400\">global stock market.<\/span><\/a><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nevertheless, Lenovo\u2019s strong first-quarter performance offers a glimmer of hope for the PC industry as a whole.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The coming quarters will be critical in determining whether the PC market is indeed on a sustained recovery path or a short surge due to<\/span><a href=\"https:\/\/www.techopedia.com\/definition\/ai-washing\"><span style=\"font-weight: 400\"> AI washing<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese-based PC maker Lenovo reported a 20% increase in its first-quarter revenue on Thursday, indicating a potential resurgence in the global PC market.\u00a0 The company\u2019s revenue climbed to $15.4 billion, surpassing analyst expectations. Net income also experienced a significant uplift, rising 38% to $243 million. Lenovo\u2019s strong showing this quarter is in stark contrast to [&hellip;]<\/p>\n","protected":false},"author":286696,"featured_media":296851,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"news-category":[2225],"class_list":["post-296844","news","type-news","status-publish","format-standard","has-post-thumbnail","hentry","news-category-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lenovo Q1 Revenue Jumps 20%, Signals PC Market Recovery - Techopedia<\/title>\n<meta name=\"description\" content=\"Chinese-based PC maker Lenovo reported a 20% increase in its first-quarter revenue on Thursday, indicating a potential resurgence in the global PC market.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lenovo Q1 Revenue Jumps 20%, Signals PC Market Recovery\" \/>\n<meta property=\"og:description\" content=\"Chinese-based PC maker Lenovo reported a 20% increase in its first-quarter revenue on Thursday, indicating a potential resurgence in the global PC market.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\" \/>\n<meta property=\"og:site_name\" content=\"Techopedia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techopedia\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/08\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"686\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@techopedia\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\"},\"author\":{\"name\":\"Franklin Okeke\",\"@id\":\"https:\/\/www.techopedia.com\/#\/schema\/person\/cf68e5a8f9bbfc9595ced844b44cd463\"},\"headline\":\"Lenovo Q1 Revenue Jumps 20%, Signals PC Market Recovery\",\"datePublished\":\"2024-08-15T11:42:14+00:00\",\"dateModified\":\"2024-08-15T11:42:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\"},\"wordCount\":311,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techopedia.com\/wp-content\/uploads\/2024\/08\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.techopedia.com\/#organization\"},\"articleSection\":\"\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\",\"url\":\"https:\/\/www.techopedia.com\/news\/lenovo-q1-revenue-jumps-20-signals-pc-market-recovery\",\"name\":\"Lenovo Q1 Revenue Jumps 20%, Signals PC Market Recovery - 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