Lenovo Raises PC Outlook for 2025 After Strong Earnings [Yahoo! Finance Canada]
LENOVO GROUP LTD S/ADR (LNVGY)
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Source: Yahoo! Finance Canada
(Bloomberg) -- Lenovo Group Ltd. hiked its projection for global PC shipments in 2025 after posting better-than-expected earnings, saying AI features will help boost growth next year. Most Read from Bloomberg The overall PC market will expand in the current quarter, Lenovo's Chief Executive Officer Yang Yuanqing told Bloomberg News after earnings on Friday. He raised his outlook for global shipments in 2025 to double-digit percentage growth, up from a previous forecast of 5% to 10%, citing demand for AI PCs and the replacement cycle facilitated by Windows 11. Yang added that Lenovo is not particularly disadvantaged against its key competitors if US President-elect Donald Trump decides to slap tariffs on foreign goods after formally returning to the White House. Net income grew 44% to $358.5 million in the September quarter, Beijing-based Lenovo said in a filing on Friday. That compares with an average estimate of $343.3 million. Revenue rose 24% to $17.85 billion, also exceed
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