Hands-on with Lenovo's PC prototype with folding screen
The second round of early 5G devices is coming very soon.
Lenovo posted better-than-expected quarterly results and shrugged off the impact of a bruising Sino-U.S. trade war, sending its shares soaring 11 percent to three-year highs.
Foldable phones, computers, and tablets are looking to be the next big trend in technology, and Lenovo could be next to get in on the wave of future devices.
Lenovo's results are strong, buoyed by the break-even of Motorola worldwide
Preliminary results for the third quarter of 2018 (3Q18) show that shipments of traditional PCs (desktop, notebook, and workstation) totaled nearly 67.4 million units, marking a decline of 0.9% in year-on-year terms, according to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. Unlike 2Q18, which grew, the 3Q18 results nonetheless outperformed the forecast which called for a decline of 3.0% due to several factors.
For the longest time, we've been waiting for Google to bring its Assistant to devices with a screen. After all, voice assistants are great - until you need some visual information to go with their answers. To address this, Amazon launched the Echo Show and Spot last year and now it's Google's turn. But it's not launching a Google Home with a screen. Instead, the company today announced it is working with JBL, Lenovo, LG and Sony to launch new smart displays later this year.
Toshiba has entered into negotiations to sell its money-losing personal computer operations to Asustek Computer of Taiwan, continuing to shed noncore businesses to get its tattered finances back in order.
Nikkei Asian Review
Intel's executive ranks have been in a state of flux since mid-2015, when Intel president Renee James exited the company. The chip giant has since replaced many of its top managers including former CFO Stacy Smith and CIO Kim Stevenson, though Smith remains at the company in a different role while Stevenson has been snapped up by Lenovo to lead its datacentre group.
The US International Trade Commission began a patent infringement probe on Wednesday after ZiiLabs charged that several firms were importing products to the US in violation of its patents on graphics processors and DDR memory controllers. It identified 17 firms whose products it wanted to examine, including AMD, Lenovo, LG Electronics, MediaTek, Motorola Mobility, Qualcomm and Sony.
Samsung's decision to sell its printing business to HP for over $1 billion showed that the company is serious in its efforts to become a leaner organization. A new report out of South Korea claims that Samsung now wants to sell its PC business and that it's talking to Chinese giant Lenovo about a potential deal.
Lenovo today confirmed that it is laying off a significant number of employees. The company says that the layoffs impact "less than 2% of its 55,000 employees" across the world, and that the majority of the layoffs are from the mobile phone division.
A gadget that makes smartphone videos look as if they were shot on a Steadicam and a plug-in that cuts the cost of 360-degree photography are among a range of new handset-enhancing camera products.
Lenovo's stature in the mobile market is shaky, having recently experienced a 33% decline in sales-again, thanks to those other rising stars in China. However, it could still bounce back, and is therefore an important win for Microsoft.
Japan's NEC will sell most of its interest in a personal computer joint venture with Lenovo Group to the Chinese partner for about JPY20 billion (US$195 million), using the proceeds for growth investment.
Nikkei Electronics Asia
Qualcomm is announcing Tango support on the Snapdragon 820 in addition to the 652, and future 800 and 600 series chips will also support Tango.
Google is seeking to raise between $218 million and $221 million by selling shares in Chinese personal computer maker Lenovo, according to a deal term sheet seen by IFR on Wednesday.
Computing giant International Business Machines (IBM) plans to sell up to $150 million worth of shares in China's Lenovo, IFR reported on Wednesday, citing a term sheet of the deal sent to investors.
Intel and Microsoft are teaming with three leading PC makers on a new ad campaign designed to make potential computer buyers more aware of all the things a modern PC can do.
Lenovo is laying off 3,200 employees and trimming down its smartphone portfolio in response to a slowdown in its PC and handset sales.
Lenovo and Acer have both unveiled smartphones with much larger than normal batteries.
Gianfranco Lanci has been named corporate president of Lenovo effective April 1.
Motorola Solutions is what is left of Motorola, the wireless-communications pioneer which has been dismantled in recent years.
Wall Street Journal
Avnet Technology Solutions has landed the contract to supply Lenovo's recently acquired x86 server products and related offerings across the UK and Europe.
Lenovo Group On Thursday said its net profit for the quarter through September rose 19% on growing sales of both personal computers and smartphones.
Marketwatch.com (Dow Jones)
Lenovo's notebook sales outperformed industry average.
At an IBM factory in southern China, more than 1,000 workers have staged a strike to protest the company's plan to transfer employees to the Chinese PC arm, the Lenovo Group.
Lenovo reported Thursday it had made progress in its plan to expand beyond PCs, even before a planned acquisition of Motorola Mobility.
New York Times
Lenovo and Google have entered into a definitive agreement under which Lenovo plans to acquire the Motorola Mobility smartphone business. The purchase price is approximately US$2.91 billion (subject to certain adjustments).
Lenovo's talks to buy part of IBM's server business show the Chinese PC giant's next ambition: challenging US rivals in the lucrative market for products and services aimed at corporate clients.
Wall Street Journal
China's Commerce Ministry has condemned a $1.1 trillion spending bill passed by the United States Congress last week over clauses that limit technological purchases from China, saying the limits clash with the principles of fair trade.
New York Times
Lenovo Group is actively considering a bid for all of struggling Canadian smartphone maker BlackBerry, according to people familiar with the matter, the latest sign of the voracious appetite of Chinese companies for foreign acquisitions.
Wall Street Journal