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China tech

Lenovo CEO says PC demand may recover sooner than expected

Chinese tech group reports double-digit declines in revenue, profit

PC market leader Lenovo has been hit by falling sales of the device, which had enjoyed a pandemic boost.   © Reuters

HONG KONG -- Lenovo Group's Chairman and Chief Executive Yang Yuanqing said Friday that the slumping market for personal computers could pick itself up as early as the second half of this year, after weak demand dragged the Chinese technology company to double-digit drops in quarterly revenue and profit.

"We believe the PC market might stabilize sooner than many expect," Yang told an online earnings call.

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