Summary

Companies Revenue declines for fourth straight quarter

Lenovo sees PC demand recovering in late-2023

Shares fall as much as 6%

HONG KONG, Aug 17 (Reuters) – China’s Lenovo Group (0992.HK) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers.

Lenovo Q1 revenue misses forecasts, hit by poor PC demand comes via ChinaTechNews.com.