Technology peripheralsIt IndustryLenovo Group's Q2 revenue fell 24% year-on-year to US$12.9 billion, and China market revenue fell 29% year-on-year
According to news from this site on August 17, Lenovo Group today released an announcement for the second quarter (first fiscal quarter) ending in June 2023. Q2 revenue was US$12.90 billion (note from this site: currently approximately 94.299 billion US dollars) RMB), estimated to be US$13.76 billion, a year-on-year decrease of 24%; net profit is US$176.5 million (currently approximately RMB 1.29 billion), estimated to be US$235 million, a year-on-year decrease of 66%.
Lenovo Group stated that the reason for the year-on-year decline in revenue was “clearing excess inventory in channels”. In addition, management successfully reduced operating expenses by 11% year-on-year, gradually achieving the goal of saving US$850 million (currently approximately RMB 6.213 billion).
The smart device business group's revenue fell by 28% year-on-year, and operating profit fell by 39% during the review period, reaching US$650 million (approximately 4.752 billion yuan)
Lenovo Group Americas revenue fell 21% year-on-year, below the group average. Despite a double-digit year-on-year decline in smart device business group revenue, inventory levels in North America have returned to pre-pandemic levels. Revenue in the Asia Pacific region (excluding China) fell 17%, and revenue in the Europe-Middle East-Africa market fell 29% year-on-year.
Lenovo Group's revenue in China fell 29% year-on-year, mainly due to PC and Due to slowdown in infrastructure business demand.
Looking ahead, Lenovo Group said its PC business will grow steadily in the second half of 2023 and is well positioned for year-on-year recovery. Due to the increasing popularity of digital life around personal computers, the overall potential market of the global personal computer market will return to pre-epidemic levels in the short term, and may remain structurally higher than pre-epidemic levels in the long term.
The external jump links (such as hyperlinks, QR codes, passwords, etc.) included in the articles on this site are designed to provide more information and save you time in screening. Please note that these links are for reference only and all articles on this site are accompanied by this statement
The above is the detailed content of Lenovo Group's Q2 revenue fell 24% year-on-year to US$12.9 billion, and China market revenue fell 29% year-on-year. For more information, please follow other related articles on the PHP Chinese website!
Behind the first Android access to DeepSeek: Seeing the power of womenMar 12, 2025 pm 12:27 PMThe rise of Chinese women's tech power in the field of AI: The story behind Honor's collaboration with DeepSeek women's contribution to the field of technology is becoming increasingly significant. Data from the Ministry of Science and Technology of China shows that the number of female science and technology workers is huge and shows unique social value sensitivity in the development of AI algorithms. This article will focus on Honor mobile phones and explore the strength of the female team behind it being the first to connect to the DeepSeek big model, showing how they can promote technological progress and reshape the value coordinate system of technological development. On February 8, 2024, Honor officially launched the DeepSeek-R1 full-blood version big model, becoming the first manufacturer in the Android camp to connect to DeepSeek, arousing enthusiastic response from users. Behind this success, female team members are making product decisions, technical breakthroughs and users
DeepSeek's 'amazing' profit: the theoretical profit margin is as high as 545%!Mar 12, 2025 pm 12:21 PMDeepSeek released a technical article on Zhihu, introducing its DeepSeek-V3/R1 inference system in detail, and disclosed key financial data for the first time, which attracted industry attention. The article shows that the system's daily cost profit margin is as high as 545%, setting a new high in global AI big model profit. DeepSeek's low-cost strategy gives it an advantage in market competition. The cost of its model training is only 1%-5% of similar products, and the cost of V3 model training is only US$5.576 million, far lower than that of its competitors. Meanwhile, R1's API pricing is only 1/7 to 1/2 of OpenAIo3-mini. These data prove the commercial feasibility of the DeepSeek technology route and also establish the efficient profitability of AI models.
Midea launches its first DeepSeek air conditioner: AI voice interaction can achieve 400,000 commands!Mar 12, 2025 pm 12:18 PMMidea will soon release its first air conditioner equipped with a DeepSeek big model - Midea fresh and clean air machine T6. The press conference is scheduled to be held at 1:30 pm on March 1. This air conditioner is equipped with an advanced air intelligent driving system, which can intelligently adjust parameters such as temperature, humidity and wind speed according to the environment. More importantly, it integrates the DeepSeek big model and supports more than 400,000 AI voice commands. Midea's move has caused heated discussions in the industry, and is particularly concerned about the significance of combining white goods and large models. Unlike the simple temperature settings of traditional air conditioners, Midea fresh and clean air machine T6 can understand more complex and vague instructions and intelligently adjust humidity according to the home environment, significantly improving the user experience.
Top 10 Best Free Backlink Checker Tools in 2025Mar 21, 2025 am 08:28 AMWebsite construction is just the first step: the importance of SEO and backlinks Building a website is just the first step to converting it into a valuable marketing asset. You need to do SEO optimization to improve the visibility of your website in search engines and attract potential customers. Backlinks are the key to improving your website rankings, and it shows Google and other search engines the authority and credibility of your website. Not all backlinks are beneficial: Identify and avoid harmful links Not all backlinks are beneficial. Harmful links can harm your ranking. Excellent free backlink checking tool monitors the source of links to your website and reminds you of harmful links. In addition, you can also analyze your competitors’ link strategies and learn from them. Free backlink checking tool: Your SEO intelligence officer
Another national product from Baidu is connected to DeepSeek. Is it open or follow the trend?Mar 12, 2025 pm 01:48 PMDeepSeek-R1 empowers Baidu Library and Netdisk: The perfect integration of deep thinking and action has quickly integrated into many platforms in just one month. With its bold strategic layout, Baidu integrates DeepSeek as a third-party model partner and integrates it into its ecosystem, which marks a major progress in its "big model search" ecological strategy. Baidu Search and Wenxin Intelligent Intelligent Platform are the first to connect to the deep search functions of DeepSeek and Wenxin big models, providing users with a free AI search experience. At the same time, the classic slogan of "You will know when you go to Baidu", and the new version of Baidu APP also integrates the capabilities of Wenxin's big model and DeepSeek, launching "AI search" and "wide network information refinement"
Prompt Engineering for Web DevelopmentMar 09, 2025 am 08:27 AMAI Prompt Engineering for Code Generation: A Developer's Guide The landscape of code development is poised for a significant shift. Mastering Large Language Models (LLMs) and prompt engineering will be crucial for developers in the coming years. Th
Building a Network Vulnerability Scanner with GoApr 01, 2025 am 08:27 AMThis Go-based network vulnerability scanner efficiently identifies potential security weaknesses. It leverages Go's concurrency features for speed and includes service detection and vulnerability matching. Let's explore its capabilities and ethical
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
WebStorm Mac version
Useful JavaScript development tools
Notepad++7.3.1
Easy-to-use and free code editor
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.
