Lenovo profits sink 75% as PC demand continues nosedive Chinese powerhouse Lenovo is feeling the burn as demand for personal computers continues to melt in a post-pandemic world. The world's largest maker of PCs reported revenue of $12.635 billion for Q4 of its fiscal 2023 ended 31 March, down a brutal 24 percent year-on-year. Pre-tax profit was down 75 percent to $130 million on …
Must admit that for us it's the opposite, we are a majority Lenovo Laptop company and we have excellent service. At most a motherboard etc has never taken more than 4 days and thats with FedEx picking up the package from the office and sending it of to Poland and back again.
It was both: deaths and sickness caused by pandemics also affect the economy. This was exacerbated by some of the policies in some countries which depressed demand in some sectors while accelerating it in others. Excessive monetarry and fiscal largesse, especially to companies, also fueled inflation.
> demand for personal computers continues to melt
Don't they teach anything in business schools about that strange notion of "demand"? Hey, guys, the so-called "market" is not a bottomless pit ready to swallow as much product you're able to throw in. "Market" actually stands for a finite (!) amount of people, who will mostly buy what they need, and mostly when they need it. Unbelievable, isn't it.
With this simple phrase you can easily explain those seemingly incomprehensible PC market fluctuations we keep hearing about for years, and you can even predict the future: Most people have bought new PCs in those last 2-3 years, so they won't buy any more for a while (yes, that's how it works, they clearly don't teach you that in business school, do they!)... Jeez.
Agreed.
How is it that high ranking sociopaths (AKA business executives) were too stupid that the rise in sales caused by the pandemic would be followed by a corresponding fall when the pandemic is over?
Is it because this, Chinese, company has fallen under the spell of the dodgy US misunderstanding of basic economics?
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
