World’s largest PC maker Lenovo posts 24% drop in Q1 revenue, hit by poor demand

China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit by a prolonged slump in global demand for personal computers.

It marks the four consecutive quarters that the world’s largest PC maker has experienced a sales decline and comes after Lenovo reported a 14% drop in annual profit for the year that ended in March, its first annual decline since 2019.