LNVGY - Lenovo Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
12.52
+0.03 (+0.24%)
At close: 3:59PM EST
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Previous Close12.49
Open11.87
Bid0.00 x 0
Ask0.00 x 0
Day's Range11.87 - 12.52
52 Week Range11.87 - 19.04
Volume60,076
Avg. Volume40,590
Market Cap7.776B
Beta (5Y Monthly)1.43
PE Ratio (TTM)10.43
EPS (TTM)1.20
Earnings DateN/A
Forward Dividend & Yield0.32 (2.58%)
Ex-Dividend DateNov 25, 2019
1y Target Est15.05
  • Reuters

    Microsoft shares fall 4% after warning of coronavirus hit to supply chain

    Shares of Microsoft Corp fell more than 4% on Thursday after the company warned of weakness in PC business due to a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc and HP. The drop in share price wiped off nearly $50 billion from the Microsoft's market value on a day when broader markets were down more than 2%. Apple was the first big technology firm to come out and say the virus was affecting its production and demand in China.

  • With Microsoft’s coronavirus warning, PC and hardware makers are probably next
    MarketWatch

    With Microsoft’s coronavirus warning, PC and hardware makers are probably next

    Now that Microsoft, the world’s most valuable tech giant, has warned investors that its PC business will not meet its recent guidance because of the impact of the coronavirus on the supply chain, the rest of the PC universe will likely follow suit.

  • 2020 Lenovo Annual Sale starts March 9 (Sneak Peek March 2-8)
    CNW Group

    2020 Lenovo Annual Sale starts March 9 (Sneak Peek March 2-8)

    2020 Lenovo Annual Sale starts March 9 (Sneak Peek March 2-8)

  • Lenovo Has One Number That Deserves Scrutiny
    Bloomberg

    Lenovo Has One Number That Deserves Scrutiny

    (Bloomberg Opinion) -- Concerns over Lenovo Group Ltd.’s financial outlook have brought new scrutiny to the Chinese maker of computers, servers and smartphones.Its stock dropped 5.7% Wednesday in Hong Kong, the fourth straight decline, after a tweet from short-seller Muddy Waters referenced a recent report by Bucephalus Research Partners Ltd. That piece highlighted a series of issues it had with Lenovo’s financial position and accounting. Lenovo didn’t provide a response to questions sent by Bloomberg Opinion.Without expressing any opinion on the issues raised by Bucephalus, there is one Lenovo data point that deserves closer scrutiny: accounts receivable.Lenovo, like much of the technology hardware sector, has suffered a slowdown in sales growth over the past few years. Revenue climbed just 0.5% in the December quarter, and 1.1% in the prior three months. Yet accounts receivables has shot up. It rose 40% in the December quarter, the fourth straight period that growth exceeded 30%. This might make sense in an era where growth is strong and the company has a longer list of IOUs on the docket waiting for clients to pay. But when revenue has barely changed, and there’s little prospect of a rebound in the near-term, such a metric stands out.One follow-on effect of this disparity, as Lenovo points out in its Feb. 20 investor presentation, is the negative impact on operating cash flow, which dropped almost two-thirds to $538 million, from $1.5 billion a year earlier. Over the past two years I have sounded the alarm over rising inventories, using that measure across companies and slices of the supply chain to warn about a slowdown in the sector. If you think of accounts receivable as a kind of financial inventory — something that has the potential, but not the guarantee, of being turned into cash — then Lenovo’s current situation isn’t dissimilar.This disparity between sales and receivables growth pushed the receivables-to-sales ratio to 65% in the December quarter. That’s the third straight period it’s been above 60%. Prior to last year, this had topped 50% just once in the past decade.Lenovo also accounts for another category of receivables — which “mainly comprise amounts due from subcontractors for components sold in the ordinary course of business” — in a separate line item on its balance sheet. If you add this figure in, the total comes to 87% of sales. While this is also near historic highs, the contrast to a few years ago isn’t as stark. An interesting caveat for these receivables is that long-dated IOUs haven’t jumped as a proportion of the total. Most of the spike has been in those due within 30 days, not 90 days or more.One possible explanation for higher receivables would be a drop in factoring, which is the practice of selling these IOUs to a third party at a discount. The company gets immediate cash (albeit less than the nominal value) and the buyer gets to collect that debt and make a profit. Chief Financial Officer Wong Wai Ming mentioned this during the Feb. 20 investor call he said “our accounts receivable factoring volume dropped year-to-year.”However, according to its financial filing for the December quarter published at the same time, the cost of factoring increased by $20 million, which helped drive up total finance costs by 25%.  So, if factoring amount fell but costs rose, then that might indicate Lenovo needs to accept a larger discount in order to convert those accounts receivable into immediate cash. It could mean that there’s fewer finance companies even willing to take on that work.In the current macro-economic environment, especially with a pre-existing slowdown in sales and likely impact from the Covid-19 virus to come, companies would do well to rein in line items like receivables and inventory rather than let them balloon.At Lenovo, these accounts receivable simply can’t be allowed to keep growing. This may require either selling more through factoring with the possibility of taking a bigger discount, or tightening credit for clients, which could hurt the PC maker’s own sales in the face of already weakened demand.That leaves management with some tough decisions to make, and investors waiting for the company to decide its next move.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Patrick McDowell at pmcdowell10@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Huawei’s New MatePad Looks a Lot Like Apple’s iPad Pro
    Bloomberg

    Huawei’s New MatePad Looks a Lot Like Apple’s iPad Pro

    (Bloomberg) -- Huawei Technologies Co. reaffirmed its bet that expensive folding smartphones will excite consumers into upgrades, and that Apple Inc.’s iPad Pro is a design worth imitating for a new line of tablet computers. The Chinese company on Monday announced a second-generation version of its Mate X folding phone, which up to now has been sold mostly in its home country. This time Huawei’s bringing it to Europe, and said the product’s more durable than the first version and has a faster processor and 3D graphics.When folded, the Mate Xs has a 6.6-inch display, which is just slightly larger than Apple Inc.’s iPhone 11 Pro Max. But when opened out, Huawei’s device becomes an 8-inch tablet computer. It has three rear-facing Leica Camera AG-branded lenses, which double as selfie cameras when flipping the phone around in its folded form.It’ll cost 2,499 euros ($2,704) when it goes on sale worldwide in March.The market for smartphones is slowing, and manufacturers are trying to find new ways to convince consumers they should upgrade their devices. Bendable products are an increasingly popular strategy being tried out by some of the world’s biggest device makers.Samsung has been selling a foldable smartphone for as many months as Huawei, and at the Consumer Electronics Show in Las Vegas in January, Lenovo Group Ltd. showed off an updated prototype of a folding ThinkPad computer. The Motorola Razr brand is also due to make a comeback later this year, and it too will bend.Huawei also showed off a new line of tablet computers for Europe -- the MatePad Pro 5G -- aimed at the same buyers of products like Apple’s iPad Pro. It’s not without its physical similarities, either.The MatePad Pro has a 10.8-inch display compared to the iPad’s 11 inches; it includes a stylus that, like the Apple Pencil, connects magnetically to the outer edge of the tablet for recharging, and is dubbed the Huawei M-Pencil. The bezel around the screen is slimmer than that of Apple’s, but uses the same rounded screen corners that differentiate the iPad Pro from its cheaper brethren. At a briefing with reporters ahead of the launch on Monday, Huawei championed the MatePad Pro’s use of split-screen multitasking to run apps side-by-side and its optional magnetic keyboard case.It does have innovations of its own, however. The tablet can mirror the display of certain Huawei smartphones if they’re nearby, letting you control the phone virtually -- a bit like using a remote desktop app to use a PC from another computer. The tablet also has fifth-generation 5G wireless -- something no iPhone or iPad offers yet -- and it can be used to wirelessly charge other products, such as phones, headphones or computer mice.Prices will start at 549 euros for a Wi-Fi-only version from April.However, due to the U.S. government blacklisting Huawei -- which it accuses of aiding Beijing in espionage -- last year, the company’s new Mate Xs and MatePad run on versions of Android that’s free and open-source, meaning they don’t have apps such as Google Maps, YouTube or the Google Play Store. Samsung’s Android-powered tablets do not suffer such restrictions.Huawei’s been battling global scrutiny over its telecom equipment, but often overlooked is the company’s rapid growth as a smartphone manufacturer. In 2018, it surpassed Apple to become the world’s second-largest maker of smartphones, according to data from market research firm IDC. (Updates with MatePad Pro pricing)To contact the author of this story: Nate Lanxon in London at nlanxon@bloomberg.netTo contact the editor responsible for this story: Giles Turner at gturner35@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus update: 75,748 cases, 2,129 deaths, Norwegian Cruise and Ecolab expect hit to EPS
    MarketWatch

    Coronavirus update: 75,748 cases, 2,129 deaths, Norwegian Cruise and Ecolab expect hit to EPS

    The number of new COVID-19 cases appeared to taper off on Thursday morning; however, that may be due to another change in how China’s Hubei Province is counting cases.

  • Business Wire

    Lenovo Delivers Record Setting Q3 Performance With All Time Revenue And PTI Highs

    Lenovo delivers record setting FY2019/20 Q3 performance with all time revenue and PTI highs.

  • China's Lenovo confident of managing virus impact, reports strong third-quarter
    Reuters

    China's Lenovo confident of managing virus impact, reports strong third-quarter

    Lenovo Group, the world's biggest PC maker, posted a better than expected profit on Thursday and said its global operations would help it tackle short-term headwinds from China's coronavirus outbreak, sending its shares up 7%. "The numbers are very good," said Christopher Yim, analyst at BOCOM International, adding that the PC business' profitability was impressive. Lenovo is among companies facing disruptions to their supply chain after local governments in China extended a Lunar New Year holiday and imposed strict travel curbs to limit the spread of the coronavirus.

  • No Handshakes at Global Wireless Conference as Virus Spreads
    Bloomberg

    No Handshakes at Global Wireless Conference as Virus Spreads

    (Bloomberg) -- Two smartphone makers canceled events at the world’s biggest mobile technology showcase in response to the coronavirus outbreak, and organizers reinforced hygiene protocol for people still planning to attend.Delegates were warned to avoid handshakes and microphones will be changed for different conference speakers in an effort to avoid infections at MWC Barcelona, an annual event that’s set to draw around 100,000 people from around the world to the Spanish city from Feb. 24 to 27.This year’s conference is supposed to be a launch pad for a renewed push on 5G devices. However, South Korea’s LG Electronics Inc. said it’s withdrawing from exhibiting at the conference because most health experts advised against “needlessly” exposing hundreds of employees to international travel.Shenzhen, China-based ZTE Corp., which makes smartphones and wireless networking equipment, cited difficulties in traveling out of China while virus-containment restrictions are in place, and so it’s canceling its MWC press conference, though it will still send a delegation.The two companies usually occupy two of the largest, most central exhibition zones at the Fira Gran Via venue, and both were expected to contribute to an industrywide push to make the newest generation of networking and devices mainstream this year.ZTE plans to roll out “a wide variety of new 5G devices” and will keep its usual exhibition spot. LG, keen to match compatriot arch rival Samsung Electronics Co., maintains an outsize presence at the show even when it doesn’t launch any major new products, and so its absence this year will be obvious to attendees.MWC brings together wireless and tech industry executives to talk shop and do deals. Crowds of gadget fans roam the vast LED-lit conference halls to check out the latest kit -- from smartphones and tablets to artificial intelligence and robots.The latest hygiene measures were announced on the MWC website by wireless industry lobby GSMA. It had already beefed up medical support at the event and stepped up its disinfection policy for catering areas, entrances and exits and public touch-screens in response to the coronavirus.Other Asia-based companies are closely monitoring the outbreak and may yet alter their plans, however many are sticking to their existing programs.\- Huawei Technologies Co., based in Shenzhen, is considering a range of options which include leaving its current plans unchanged, flying executives from China to Spain early, or even canceling travel plans altogether, said a U.K.-based spokesman.\- Lenovo Group Ltd., parent of Motorola, says its MWC plans are still under discussion.\- Xiaomi Corp. is sending its contingent to Barcelona as soon as possible “and will make necessary adjustments accordingly,” a spokesman said.\- Samsung, Oppo, Microsoft Corp. and MediaTek Inc. representatives all said their companies are preparing for MWC as planned.Read more: Virus Outbreak May Halve China Phone Shipments in First QuarterSeveral major U.S. technology firms, including Qualcomm Inc. and Alphabet Inc.’s Google, are also scheduled to participate and play big roles at this year’s conference.On its website, the GSMA says it “continues to monitor and assess the potential impact of the coronavirus” on its event and has “implemented many measures to help to mitigate the spread of the virus and is continuing to add other actions regularly.”(Updates with latest contingency measures in first and second paragraphs)\--With assistance from Sohee Kim and Gao Yuan.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Thomas Seal in London at tseal@bloomberg.netTo contact the editors responsible for this story: Thomas Pfeiffer at tpfeiffer3@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Business Wire

    Two-weeks of tech deals: Lenovo Presidents Day Sale starts Feb. 10

    Presidents Day is a time when many companies offer steep discounts on consumer products and Lenovo is no exception, offering great, money-saving deals on some of its most popular technology. The 2020 Lenovo Presidents Day Sale will run February 10-23, with outstanding offers like these:

  • Business Wire

    Lenovo marks Family Day with mid-winter tech sale Feb. 10-23

    As Canadians plan their Family Day activities – skiing, skating or just settling in – Lenovo is ready with two weeks of great technology deals. The 2020 Lenovo Family Day Sale runs February 10-23 and features offers for everyone. Highlights include:

  • Bloomberg

    Motorola’s Mid-Tier Moto G Line Tops 100 Million Units Sold

    (Bloomberg) -- Motorola has sold more than 100 million of its mid-tier Moto G smartphones since the line launched in 2013, a milestone the company says affirms its recent turnaround.The Moto G, 30 million of which have been sold over the past two years, is a “very stable franchise, and represents the majority of our sales right now,” Sergio Buniac, Motorola’s president, said in an interview. He said it represents about 40% of the company’s sales globally and half of all business in Europe. The company plans to launch new Moto G models every 10 months, he said, adding that the Lenovo Group Ltd. unit is shortening development cycles as part of its turnaround plan.The disclosure comes before Motorola announces new devices in February and after the launch of the foldable Razr smartphone. Buniac said he believes the Razr “has the most affordable price in the category.” Its $1,500 price tag sits well below the $2,000-and-up asked by Samsung Electronics Co. and Huawei Technologies Co. for their respective foldables. The Razr will be getting some closer competition in the coming weeks, however, when Samsung is expected to reveal its smaller foldable phone with a design similar to Motorola’s.The current Moto G sells for $300, making it far cheaper than most mass-consumer smartphones from Alphabet Inc.’s Google, Samsung or Apple Inc. That price differential appears to be Motorola’s calling card across the categories it competes in. Once one of the biggest names in mobile phones, the U.S. brand has fallen on hard times, having been taken over by Google for $12.5 billion in 2012 and then landing under Lenovo’s stewardship in 2014 for a price of under $3 billion.To contact the reporter on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Apple's (AAPL) Low-Cost iPhones Likely to Debut In March
    Zacks

    Apple's (AAPL) Low-Cost iPhones Likely to Debut In March

    Apple (AAPL) is expected to begin manufacturing of its unannounced affordable iPhone variant in February ahead of a public debut in March, per Bloomberg.

  • The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies
    Zacks

    The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies

    The Zacks Analyst Blog Highlights: Microsoft, Intel, Lenovo, HP and Dell Technologies

  • PC Shipment Scripts Success in Q4: LNVGY, HPQ & More in Focus
    Zacks

    PC Shipment Scripts Success in Q4: LNVGY, HPQ & More in Focus

    Per Gartner and IDC, PC shipment volumes in fourth-quarter 2019 bump up on the back of the Windows 10 refresh cycle.

  • Annual global PC shipments grow for the first time in 8 years
    MarketWatch

    Annual global PC shipments grow for the first time in 8 years

    Annual global PC shipments rise for the first time in eight years, according to data released by industry tracking firms late Monday.

  • MarketWatch

    Yearly global PC sales increase for the first time since 2011: IDC

    Annual global PC sales rose for the first time in eight years, according to data released by International Data Group late Monday. Global PC shipments rose 2.7% year-over-year to 266.7 million units, the first annual gain since 2011, when PC sales rose 1.7%, according to IDC. "This past year was a wild one in the PC world, which resulted in impressive market growth that ultimately ended seven consecutive years of market contraction," said Ryan Reith, program vice president with IDC's Worldwide Mobile Device Trackers. "The market will still have its challenges ahead, but this year was a clear sign that PC demand is still there despite the continued insurgence of emerging form factors and the demand for mobile computing." For the year, Lenovo Group Ltd. led with 24.3% market share for 64.8 million PCs, HP Inc. had 23.6% share with 62.9 million, Dell Technologies Inc. had 17.5% at 46.5 million units, Apple Inc. had 6.6% share for 17.9 million, and Acer Group had 6.4% share for 17 million. For the fourth quarter, global PC sales rose 4.8% to 71.8 million units.

  • Bloomberg

    Global PC Shipments Rise 2.3%; China’s Lenovo Remains No. 1

    (Bloomberg) -- Worldwide shipments of personal computers increased 2.3% in the fourth quarter from a year earlier, continuing a 2019 trend fueled by commercial customers upgrading to Microsoft Corp.’s new operating system.Lenovo Group Ltd. held onto the top spot with almost 25% of the market amid a quest by PC makers to find new types of machines to entice customers.PC shipments climbed to 70.6 million units in the period that ended Dec. 31, researcher Gartner Inc. said Monday in a report. Competing firm IDC pegged the shipments at 71.8 million units, a 4.8% rise. For the year, the PC market grew for the first time since 2011, both firms said.For a third consecutive quarter, manufacturers received a boost from corporate clients upgrading devices to get access to Microsoft’s Windows 10 operating system. Microsoft will stop supporting Windows 7 Tuesday, according to the company’s website.With corporate upgrades expected to taper off this year, PC makers have searched for ways to shake up a market that has stagnated for years. Beijing-based Lenovo last week debuted a laptop with a folding screen at the CES consumer technology show in Las Vegas. Dell Technologies Inc. also unveiled two concepts that featured folding screens.“Despite the positivity surrounding 2019, the next twelve to eighteen months will be challenging for traditional PCs as the majority of Windows 10 upgrades will be in the rearview mirror and lingering concerns around component shortages and trade negotiations get ironed out,” said Jitesh Ubrani, research manager for IDC’s Worldwide Mobile Device Trackers. “Although new technologies such as 5G and dual- and folding-screen devices along with an uptake in gaming PCs will provide an uplift, these will take some time to coalesce.”HP Inc. maintained the global No. 2 spot with 22.8% of the market during the quarter. The U.S. company has sought to make its devices more stylish and has also entered the lucrative gaming PC market. Dell was again the third-largest seller, and its 12% year-over-year increase in shipments was the biggest gain of any major manufacturer in the quarter. The company focuses on selling PCs to corporate clients, to bolster profit margins through add-on software and services. Apple Inc. came in fourth place with 7.5% of the worldwide market.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, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CES 2020: The long-promised ‘Year of 5G’ arrives with more promises and little 5G
    MarketWatch

    CES 2020: The long-promised ‘Year of 5G’ arrives with more promises and little 5G

    For years, telecommunications companies and gadget makers have invaded CES to talk about how big 5G was going to be in 2020. At the Consumer Electronics Show in 2020 though the promise was still unfulfilled as the faster wireless service is still spotty and not entirely what was envisioned.

  • CES 2020 Sees Launch of Innovative PCs: Stocks to Watch
    Zacks

    CES 2020 Sees Launch of Innovative PCs: Stocks to Watch

    The PC market has strong prospects with major players including Lenovo, Dell and HP set to launch next-generation devices in 2020.

  • AMD Unveils New Laptop Chips Aimed at Bulk of PC Market
    Bloomberg

    AMD Unveils New Laptop Chips Aimed at Bulk of PC Market

    (Bloomberg) -- Advanced Micro Devices Inc., trying to justify a meteoric stock performance last year, said its new laptop processors will eclipse the performance of offerings from rival Intel Corp.New Ryzen 4000 U series chips are aimed at the thinnest and lightest notebooks, a lucrative market where Intel has traditionally dominated. The highest-end version will have eight cores, each one capable of handling two processing loads at the same time, a first for the market, AMD said Monday.Chief Executive Officer Lisa Su is pitching new products at the CES technology show in Las Vegas. AMD’s stock was the best performer on the Standard & Poor’s 500 Index last year, bid up almost 150% by investors who believe the company’s improved chips will help it grab market share and finally shed its status as a cheap alternative to Intel.Santa Clara, California-based AMD closed the gap with Intel in desktop machines and server computers in 2019. Still, the bulk of product shipments by volume are laptop parts where Intel’s hold has remained more resilient, at above 80% of the market.The first laptops featuring the 4000 U series will debut in the first quarter and AMD is predicting that more than 100 systems will go on sale in 2020. The company showed off a Lenovo Yoga model featuring the 4800 version, demonstrating that its chips are getting into more expensive machinery.At the same event, AMD executives debuted a new desktop aimed in part at proving that the company’s technology is improving quickly and challenging Intel everywhere. The Threadripper 3990X has 64 computer cores and can count at 4.3 gigahertz. The massive chip is the first to carry these capabilities and is aimed at users working on professional workloads including video rendering. Capable of outperforming two Intel server chips, AMD said, it will cost $3,990 for a single chip when it goes on sale in February.To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Lenovo Shows Off New $2,499 Foldable Laptop as Technology Improves
    Bloomberg

    Lenovo Shows Off New $2,499 Foldable Laptop as Technology Improves

    (Bloomberg) -- Lenovo Group Ltd. showed off the inside of its foldable $2,499 ThinkPad computer, which goes on sale mid-year, in order to instill confidence in a category that has had some technological setbacks. An earlier prototype of the 13-inch tablet that folds in half first previewed last May, but the technology behind the hardware has evolved. That folding mechanism makes the computer easier to transport, but has also been tricky for some other companies to deploy well. In a demonstration at the CES consumer technology show in Las Vegas, there was no crease in the display when it’s fully unfolded  — unlike with the Samsung Galaxy Fold and Lenovo’s own forthcoming Motorola Razr smartphone — and it’s compatible with a keyboard attachment that mounts on the top of the screen. The plastic OLED screen has carbon fiber plates beneath it for dent resistance, an issue that also plagued Samsung’s device, as well as a silicon and magnesium frame around the edges to prevent breaks. In an interview, Lenovo commercial PC President Christian Teismann said the company spent four years developing its folding screen technology and that the computer is designed to last a typical three- to four-year life cycle. With about six months to go before shipping, the computer still appears to need some tweaks to work properly with Microsoft Corp.’s Windows operating system. It also runs on a new Intel Corp. chip that’s slower than those that typically are found in computers at a comparable price point. Given its expense, the machine likely will appeal first to early adopters, but technology companies are pushing for foldable devices to eventually become mainstream hits. Lenovo will also offer a 5G version for an extra charge, making the device one of the first computers to run on the new high-speed wireless standard. To contact the author of this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editor responsible for this story: Molly Schuetz at mschuetz9@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • Foldable PCs at CES
    Engadget

    Foldable PCs at CES

    Foldable phones may have had a rocky 2019, but that hasn't deterred other companies from exploring the world of flexible screens. At CES 2020 we saw foldable PC prototypes from three different companies, Intel, Dell, and Lenovo, and Lenovo's Thinkpad X1 Fold you can actually buy.