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However, while Lenovo enjoyed an upturn in third-quarter revenue, profit dropped 23% to $337 million. Still, even that exceeded market expectations. ... said CEO Yang Yuanqing at an earnings ...
Yang expects AI PCs to account for 25% of Lenovo's shipments by 2025, rising to as much as 80% by 2027. Lenovo has positioned itself to benefit from the AI trend by expanding its AI server and ...
CEO Yang Yuanqing said that PCs would come with "a personal intelligent agent" and a "compressed local large language model." Importantly, CFO Wai Ming Wong suggested that AI PCs could drive a new ...
Yang Yuanqing (simplified Chinese: 杨元庆; traditional Chinese: 楊元慶; pinyin: Yáng Yuánqìng, born 12 November 1964) is a Chinese business executive and philanthropist who is the current chairman and CEO of Lenovo.
Yang Yuanqing said that Lenovo's strategy for Lenovo devices dictates an emphasis on its home market of China and emerging markets such as Russia, Indonesia, India, and the Middle East. Lenovo planned significant product releases in those markets in 2013. Yang said Lenovo is pursuing this strategy due to its thin pre-tax profit margin of only 2.6%.
As of 31 March 2018, 65% of Lenovo stock was held by the general public, 29% by Legend Holdings, 5.8% by Yang Yuanqing, and 0.2% by other directors. [188] Responding to claims that Lenovo is a state-owned enterprise, CEO Yang Yuanqing said, "Our company is a 100% market oriented company. Some people have said we are a state-owned enterprise.
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