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Lenovo, the world’s largest personal computer manufacturer, sounded an upbeat note on the outlook for the tech industry on Thursday, despite suffering from a decline in sales and a market downturn.
“We saw clear signs of recovery across the technology sector,” said Yang Yuanqing, Lenovo’s chair and chief executive. The company said in a statement that it is “confident in its ability to resume year-on-year growth very soon”.
Lenovo reported revenues of $14.4bn for the September quarter, a 16 per cent decline from the previous year. Net income fell 54 per cent year on year to $249mn.
The group said it expects its servers, digital services and personal computer businesses to benefit from the boom in demand for artificial intelligence.
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