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Lenovo's Yang Yuanqing: Storage Component Shortage and Price Hikes Unlikely to Be Short-Lived
3 day ago /
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Author：小编
On November 20, Lenovo Group unveiled its financial performance for the second quarter of the 2025/26 fiscal year. The company reported a remarkable 15% year-on-year surge in revenue, reaching RMB 146.4 billion, alongside a 25% year-on-year increase in net profit, which stood at RMB 3.66 billion. During the earnings announcement, Yang Yuanqing, the Chairman and CEO of Lenovo Group, highlighted that the scarcity and subsequent price escalations of components, including memory, flash memory, and solid-state drives, are poised to persist into the coming year. Nevertheless, he emphasized that Lenovo has secured long-term agreements with its principal suppliers, positioning it to navigate these challenges more effectively than its rivals.
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