Lenovo reports bigger loss than expected, 3% revenue drop

Lenovo   Lenovo, the world’s largest PC manufacturer, reports its first annual loss in six years as revenues decline 3 percent. The company cites several reasons for the drop, including a huge decline in smartphone sales as well as internal “operational issues,” in the words of Chairman and CEO Yang Yuanqing. Meanwhile, its Triangle-based server group gets a new name.

...[READ MORE]   Source: WRAL Local News