Lenovo Q4 beat fueled by new AI PC offerings, exec. explains
Lenovo (0992.HK, LNVGY) has reported its fourth-quarter earnings, surpassing estimates on both the revenue and earnings front. Lenovo North America President Ryan McCurdy joins Market Domination to discuss the computer company's growth trajectory and outlook.
Despite facing some headwinds, McCurdy notes that Lenovo has experienced growth over the past four quarters. He highlights that the company's North American segment has seen an 11% increase in its business, signaling that they have "successfully navigated this industry downturn."
One of the key drivers behind Lenovo's revenue growth, according to McCurdy, has been the introduction of its new AI PCs, developed in partnership with Microsoft (MSFT). He believes "the industry is ready" for such innovative product offerings, capitalizing on the ongoing refresh within the company and the booming demand for artificial intelligence solutions.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Angel Smith