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Lenovo Q1 profit more than doubles to beat expectations, shares jump

August 11, 2021

China’s Lenovo Group (OTC:LNVGY) Ltd said it expects strong demand for personal computers to continue until at least 2025 as the pandemic permanently changes how people live and work, after it reported a more than doubling in first-quarter profit.

The world’s biggest maker of personal computers (PC) said it was not seeing a slowdown in pandemic-driven demand, as some analysts have predicted, because many people continue to work from home while companies are purchasing more PCs as they re-open offices.