LNVGY - Lenovo Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
16.85
+0.22 (+1.29%)
At close: 3:58PM EDT
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Previous Close16.64
Open16.74
Bid0.00 x 0
Ask0.00 x 0
Day's Range16.74 - 16.85
52 Week Range10.45 - 19.04
Volume29,050
Avg. Volume29,351
Market Cap10.069B
Beta (3Y Monthly)1.65
PE Ratio (TTM)16.85
EPS (TTM)1.00
Earnings DateN/A
Forward Dividend & Yield1.11 (6.59%)
Ex-Dividend Date2019-07-10
1y Target Est15.05
Trade prices are not sourced from all markets
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  • PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View
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  • MarketWatch8 days ago

    Worldwide PC sales grow as Windows 7 support fades

    Worldwide PC demand grew more than expected in the second quarter, propelled in part by a phasing out of support for Microsoft Corp.'s Windows 7 operating system, according to research firm International Data Corp. Sales of PCs rose 4.7% to 64.9 million units from the year ago quarter as supply shortages eased, IDC said. "With the January 2020 end of service (EOS) date for Windows 7 approaching, the market has entered the last leg of the Windows 7 to Windows 10 commercial migrations," said Linn Huang, IDC research vice president, in a statement. According to IDC, market share was 25.1% for Lenovo Group Ltd. , 23.7% for HP Inc. , 17.9% for Dell Technologies Inc. , 6.6% for Acer Group, and 6.3% for Apple Inc. . Earlier Thursday, research firm Gartner reported a 1.5% rise in PC sales to just under 63 million units but Gartner does not include Chromebooks that run on Alphabet Inc.'s operating system. Like IDC, Gartner attributed Windows 10 as a catalyst for growth.

  • Bloomberg8 days ago

    Global PC Shipments Rise as China's Lenovo Secures Top Spot

    (Bloomberg) -- Worldwide shipments of personal computers increased 1.5% in the second quarter, fueled by businesses upgrading to the latest Windows software from Microsoft Corp. China-based Lenovo Group Ltd. held the No. 1 spot over U.S. rival HP Inc. amid a trade war between the two countries.PC shipments increased to 63 million units in the period ended June 30 from 62 million in the quarter a year earlier, researcher Gartner Inc. said Thursday in a report. Robust corporate demand offset a decline in notebook shipments, Gartner said. Lenovo shipped almost 16% more PCs year-over-year, giving the company a quarter of the global market.Industry research firm IDC estimated PC shipments climbed 4.7% in the most recent period, with vendors putting out 65 million devices worldwide."The threat of increased tariffs led some PC makers to ship a surplus of desktops and notebooks, thereby artificially propping up the PC market during the second quarter," said Jitesh Ubrani, a research manager at IDC.Computer makers have struggled to navigate global trade tensions. They already operate with low profit margins, and many of them have shuffled their supply chains in response to U.S. tariffs on some components. Dell Technologies Inc. and HP are reportedly considering moving 30% of their notebook production out of China.Dell came in third place in the global PC race, with 17% of the market after HP’s 22%. Apple Inc.’s PC shipments narrowly declined in the most recent period, and the company held the fourth spot with about 6% of the market.(Updates with estimates from IDC in third paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch8 days ago

    Global PC demand rises 1.5% pushed by Windows 10 refresh

    Global PC demand grew in the second quarter of 2019, reversing two quarters of declines, according to research firm Gartner late Thursday. Worldwide sales of PCs rose 1.5% to just under 63 million units in the second quarter as businesses refreshed computers because of demand for Microsoft Corp.'s Windows 10 operating system. "Additionally, there are signs that the Intel CPU shortage is easing, which has been an ongoing impact to the market for the past 18 months," said Mikako Kitagawa, senior principal analyst at Gartner, in a statement. Market share was 25% for Lenovo Group Ltd. , 22.2% for HP Inc. , 16.9% for Dell Technologies Inc. and 5.9% for Apple Inc. , Gartner said.

  • Tencent Wants a Bigger Cut of Game Sales
    Bloomberg8 days ago

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    (Bloomberg) -- Tencent Holdings Ltd. is pressing China’s top smartphone vendors and app stores to boost the cut of revenue it gets from games sold through their platforms, people familiar with the matter said, stepping up efforts to claw back profits as its business slows.The social media giant is seeking as much as 70% of the sales generated from its games, up from just 50% now, said the people, who requested anonymity discussing private negotiations. That would bring Tencent’s portion in line with the proportion shared with game publishers on other platforms, including Apple Inc.’s iOS store and Google Play, which each keep 30% of revenue that comes from apps. Negotiations vary from platform to platform, and Tencent may not be asking as much from each app store operator, the people said.Tencent is keen to shore up its bottom line as growth in China, the world’s No. 2 economy, decelerates, sapping consumer spending on entertainment and hurting advertising. The company’s gaming division -- its largest -- was battered in 2018 by a series of regulatory crackdowns and in May, Tencent reported the smallest increase in sales since going public in 2004.At the same time, Tencent has gained leverage in negotiations because the pipeline of new games has shrunk, the result of Beijing’s clampdown on what it views as gaming addiction among youths. Fewer than 5,000 new games will be approved this year, versus more than 8,500 in 2017, Asia-focused gaming researcher Niko Partners estimates.Tencent “is likely to gain stronger bargaining power against its distribution channels,” Citigroup analysts led by Alicia Yap wrote in a research note this week.The social media titan initiated talks in recent weeks with most of the country’s largest app stores, run by leading smartphone makers such as Oppo, Lenovo Group Ltd. and Xiaomi Corp., as well as internet outfits such as Baidu Inc. and 360, the people said. Tencent is focusing on only a subset of its games at present, they added. But if the 70-30 split becomes the standard, that could translate into billions of dollars of additional revenue annually.Tencent dominates the market thanks to its all-purpose WeChat app, which serves more than a billion people, and a development machine that consistently cranks out hits such as Honour of Kings and Peacekeeper Elite. Now, the company is taking advantage of its heft -- its closest rival is the much smaller NetEase Inc. -- to pressure app distributors to cough up more revenue, the people said.P.H. Cheung, a spokesman for Tencent, didn’t immediately respond to an email and text query on the company’s plans, which were previously reported by gaming industry media outlet Gamelook. Baidu and Oppo declined to comment.Those negotiations are by no means all one-sided. If anything, Tencent may have to work hard to change the status quo. The country’s four biggest smartphone names -- Oppo, Vivo, Huawei Technologies Co. and Xiaomi -- run app stores for their users that together account for about 40% of market share.Among the new titles Tencent wants a bigger revenue cut on is role-playing mainstay JX Online 3, developed by China’s Kingsoft Corp., and Crazyracing Kartrider, a mobile remake of a popular title from South Korea’s Nexon Co., one person said. As of now, neither title is available on stores operated by Oppo and Vivo, suggesting those two device-makers have yet to agree to Tencent’s proposal.App developers and publishers compete to get games listed on those stores, whose operators host in-game payments for things such as virtual goods, character skins and power-ups. In return, developers get a cut of that revenue. Unlike in the U.S. and Europe, where a 70-30 split is common, revenue-sharing varies hugely across different Chinese stores but is commonly pegged at 50%. Furthermore, that cut is usually negotiated directly with each of the stores, sometimes on a game-by-game basis.What’s in the app stores’ favor is the sheer volume of competition. While Google Play is blocked in China, there are approximately 400 Android app stores, though many have an extremely small number of mobile users. The country’s app stores focus especially heavily on games because that’s where the money is -- many don’t even levy a cut of revenue at all on non-gaming apps.\--With assistance from Lulu Yilun Chen.To contact Bloomberg News staff for this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • HP, Dell to Shift Up to 30% of Laptop Production From China, Report Says
    Bloomberg16 days ago

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    (Bloomberg) -- HP Inc. and Dell Technologies Inc. plan to move as much as 30% of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants try to avoid escalating tariffs on U.S.-bound goods.Microsoft Corp., Amazon.com Inc., Sony Corp. and Nintendo Co. are also looking to move some of their game console and smart speaker manufacturing away from the country, the Nikkei Asian Review cited those sources as saying. Other companies including Lenovo Group Ltd., Acer Inc. and Asustek Computer Inc. are evaluating their options, the media outlet reported.Corporations foreign and domestic are seeking to pivot production away from China amid U.S. President Donald Trump’s efforts to use punitive tariffs to negotiate friendlier trade terms. While many are drawing up contingency plans, shifting select assembly operations or exploring alternative manufacturing venues, few have moved output in significant amounts and China’s status as the world’s production base for electronics is unlikely to diminish anytime soon. Alphabet Inc.’s Google has already shifted much of its production of U.S.-bound motherboards to Taiwan, averting a 25% tariff, Bloomberg News reported last month.“HP shares industry concerns that broad-based tariffs harm consumers by increasing the cost of electronics,” a spokesman said in a statement. “We are actively monitoring the situation and will continue to work with government officials to advocate for the best interests of customers, partners and consumers.” A Dell spokesman noted that it has a global supply chain and said the company continuously explores “alternative sourcing, production, and logistics strategies to best serve our customers.”A Lenovo representative said the Nikkei report was inaccurate, without elaborating. An Acer spokesman referred to CEO Jason Chen’s comment in May that his company planned to finalize a production plan for U.S.-bound products later this year and is open to all options. Representatives for Microsoft, Amazon, Sony, Nintendo weren’t immediately available for comment outside of normal business hours. Asustek spokesman Nick Wu declined to comment.U.S. companies, long accustomed to using China as the world’s workshop, are exploring alternatives as tensions run high and Beijing shows a willingness to clamp down on foreign firms within its own borders. It’s a shift that may herald a broader, long-term trend as Beijing and Washington continue to spar over everything from market access to trade.The Taiwanese contract manufacturers that make most of the world’s electronics, including Apple Inc.-partner Foxconn Technology Group, have since 2018 accelerated the shift at their clients’ behest. Foxconn said last month it has enough capacity to make all iPhones bound for the U.S. outside of China if necessary, although Apple has so far not asked for such a shift.The trade war threatens to disrupt a complex global supply chain involving many countries beyond just China and the U.S. Many components that go into devices aren’t made in the U.S., despite being designed there. A phone chip designed by Apple may come out of a factory in Taiwan, then be packaged (a process that prepares it for integration into a circuit) somewhere else, before being shipped to China for assembly into an iPhone.(Updates with companies’ responses in fourth paragraph.)\--With assistance from Nico Grant.To contact Bloomberg News staff for this story: Debby Wu in Taipei at dwu278@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Edwin Chan, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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    The Echo team must have started sweating when the Lenovo Smart Clock was announced during CES. Deep inside Seattle’s Day One building, Amazon was reading the release of the Echo Show 5, a pint-sized version of the company’s smart screen that bore more than a passing resemblance to Lenovo’s Google Assistant device. Amazon, of course, beat Google to the category by years with the first Echo Show and innovated the bedside model with the Echo Spot.

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