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Lenovo Group's Stock Price Declines Amid Profit Squeeze from Soaring Memory Chip Costs
1 day ago /
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Author：小编
In the latest fiscal quarter, Lenovo Group announced a revenue figure of US$22.2 billion, surpassing market forecasts. However, its net profit witnessed a significant 21% year-on-year decline. Upon the release of these financial results, the company's stock price plummeted by up to 6.3%, reflecting market apprehensions that escalating memory chip prices will continue to compress profit margins.
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