Posted 2/22/2024, 1:30:09 PM
Lenovo Reports Revenue Growth Despite Headwinds; Bets Big on AI with New Product Rollouts
- Lenovo reported a 3% year-on-year increase in revenue in the December quarter to $15.7 billion, beating analysts' forecasts
- The company is doubling down on AI initiatives across devices, infrastructure, and services
- Lenovo is rolling out its first generation of AI PCs in the first half of 2023
- The company expects to double its market share in AI servers this year
- Lenovo unveiled over 40 new AI-powered devices and solutions at CES 2023, including Yoga, ThinkBook, ThinkCentre and Legion products