Lenovo cautions it could raise PC prices if tariffs increase

First-quarter profit more than doubles as margins and market share expand

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Lenovo's net profit for the quarter ended June more than doubled to $162 million as gross margins expanded, while revenue grew 5% to $12.5 billion. (Photo by Akira Kodaka)

HONG KONG (Nikkei Markets) -- Lenovo Group, which makes one out of every four personal computers produced in the world, signaled that an increase in tariffs because of the Sino-American trade war could force the Chinese company to raise prices.

"Even though we can relocate manufacturing to other places, the manufacturing cost will be higher," Chairman and Chief Executive Yang Yuanqing said on a conference call on Thursday. "That will be reflected in the retail price as well."

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