China’s Lenovo Group, the world’s biggest PC maker, posted a better-than-expected quarterly profit on Tuesday and said it is continuing to benefit from “new normal” remote working after COVID-19. The Chinese giant said it set new records for group revenue, pre-tax income, and net income, and all three key business groups delivered year-on-year growth for the first time in six quarters.

“Last quarter was what I would call a perfect quarter for Lenovo,” Chairman Yang Yuanqing told Reuters in a post-results interview. “I hope the current quarter could be even better,” he said.

Lenovo reported a 53% jump in net profit for the quarter ended September to $310 million, beating the average analyst estimate of $224 million, according to Refinitiv data. Revenue increased by 7% to $14.5 billion.

With the pandemic forcing companies worldwide to seek work-from-home options and people preferring to stay indoors, the company expects to benefit from increased sales of PCs and tablets. “Our gaming PCs and our thin-and-light PCs actually grow margin faster than other products,” said Yang.

According to research firm Gartner, worldwide shipments of personal computers rose 3.6% in the July-September quarter, due to home entertainment and distance learning needs, along with the strongest growth the U.S. PC market has seen in 10 years. Yang predicted a further 5% to 10% industry-wide increase in the total addressable market for PCs next year.

Lenovo strengthened its lead in PCs with 25.7% of the market, ahead of HP Inc and Dell Technologies which had 21.6% and 15.2% share, respectively. “The issue is not demand, it supplies. If we can fill enough supply, we can sell more products,” he said. Yang said a component supply shortage, particularly for display and integrated circuit, is keeping the company from meeting 100% customer demand.

Source: Reuters

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As we all know Lenovo’s self-branded smartphones may not be nearly as popular as the company’s Motorola-branded devices, but the brand still has fans in Asian countries like India and China. Lenovo is preparing to launch its first-ever Android gaming smartphone under its Legion Gaming brand.

The leaks have suggested that the phone will come with support for 90W fast charging and Snapdragon 865 SoC. It claims that the Lenovo Legion gaming phone may come with a 144Hz display, dual rear cameras, and a USB Type-C port. However, it should be noted that Lenovo has not revealed the specifications of the phone.

Lenovo Legion gaming phone design

As per a report by XDA Developers, screenshots captured from the official marketing videos show the design of the Legion gaming phone and it looks quite unique. From the image, we can see that the rear cameras are placed near the centre of the back panel. The Legion branding as seen on Lenovo's laptops is also present on the back. The top and bottom corners of the phone are not rounded like other smartphones but have an angled design. Interestingly, there is USB Type-C port on the left side of the phone, along with one on the bottom.

Lenovo Legion gaming phone specifications

According to the report, the Legion gaming phone from Lenovo will come with Android 10 with Lenovo's ZUI 12 on top. It is expected to have a full-HD+ (1,080x2,340 pixels) display with a 144Hz refresh rate and 270Hz touch sampling rate. There are no details about the RAM and storage capacity, but the report does state that it will use LPDDR5 RAM and UFS 3.0 internal storage. The dual cameras on the back will include a 64-megapixel primary sensor and a 16-megapixel sensor with a wide-angle lens. The single front-facing camera is expected to be 20-megapixel. In terms of battery, the Legion gaming phone is said to come with 5,000mAh. It is also speculated to have two USB Type-C ports.

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Lenovo Group, the world’s biggest PC maker, smashed expectations with a 31% leap in first-quarter net profit, as the coronavirus pandemic spurs businesses to shift to remote work and schools to switch to online learning.

Consumers stuck at home are also spending more on PCs and other smart devices for entertainment purposes, the Chinese giant said.

Net profit came in at $213 million for the April-June quarter, nearly double market estimates while revenue grew 7% to $13.3 billion.

In particular, China sales surged, climbing 17% while those in Europe, the Middle East and Africa jumped 28%. Sales in the Americas, however, dropped 9%, hit by declining demand for smartphones in Latin America and a shortage of components for Chromebooks in North America.

“Chinese government is driving domestic consumption - for sure we should leverage that to grow our business. Last quarter results can prove that we have a very strong position in China,” Lenovo Chairman Yang Yuanqing told a briefing.

Yang told Reuters in a later interview that demand still had far more room to grow in China, where the penetration rate for PCs was still somewhere between 20% and 30% compared to that in the United States of 70%.

He said Lenovo’s sales during China’s June 18 shopping festival - which is heavily promoted by e-commerce platforms - had doubled over the previous year. “We really see the strong rebound after the COVID-19,” he said.

According to research firm Gartner, worldwide shipments of personal computers rose 2.8% in the April-June quarter, as vendors restocked their channels and mobile PC demand increased.

This afternoon, during the 2020 Lenovo Innovation and Technology Conference, many new products were unveiled. At the end of the conference, Lenovo Legion Gaming Phone Pro transparent edition was announced, with part of its back cover changed to a transparent design, located in the center, where you can see the internal components, while the sides are white covers.

Officials have not announced the launch time and price of the machine, Lenovo said it will arrive soon. Some netizens speculate that it will go on sale during the Double Eleven period. Reviewing the appearance and configuration of the machine, the Legion gaming phone Pro non-shaped screen design, no gouge/water drop/bangs, is a complete screen, the front camera is located on the left side of the fuselage pop-up, very rare in the current production model.

In terms of configuration, it features a 6.65-inch AMOLED display with a 144Hz refresh rate, a Qualcomm Snapdragon 865 Plus, and a 5,000mAh battery. Charging is one of the main highlights of the device, supporting up to 90W fast charging, officially known as the 90W Twin Turbo power system, which can fully charge a 5000mAh battery in 30 minutes. It also features a TSI Frostbite cooling system, dual X-axis linear motor, GAE gaming acceleration engine, and more.

Source: Sparrownews

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