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Nikkei Markets

Lenovo beats profit estimates, warns of parts shortage

Company keeps leading position in PCs as sales rise 7.1% by volume

The U.S.-China trade war and the specter of higher tariffs have pushed PC makers to increase shipments of desktops and laptops.

HONG KONG (Nikkei Markets) -- Lenovo Group, the world's largest personal-computer maker, reported quarterly profit that exceeded expectations as demand for its products held despite the downturn in the global economy. However, the Chinese company warned that a shortage of components that has hobbled its growth could persist into the first half of next year.

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