LENOVO GROUP LTD S/ADR - LNVGY STOCK NEWS

Lenovo is launching its mid-year Black Friday and Cyber Monday in July Sale from June 28 to July 18, offering significant discounts on laptops, gaming PCs, tablets, and accessories. During Sneak Peek Week (June 28 – July 4), customers can access doorbuster deals and earn triple loyalty points via MyLenovo Rewards on non-PC items. The main sale starts July 5, featuring discounts up to 75% off. Notably, July 12 is designated as Cyber Monday in July, with hourly deals. Lenovo emphasizes this event to provide shoppers with savings typically reserved for end-of-year sales.

Lenovo is launching its mid-year Black Friday and Cyber Monday in July Sale from June 28 to July 18, featuring significant discounts on laptops, gaming PCs, tablets, and accessories. Key promotions include up to 55% off select ThinkPad models and additional savings during 'Cyber Monday in July' on July 12, with hourly doorbusters. The sale provides early access deals during Sneak Peek Week, and ongoing offers until July 18. Lenovo aims to offer shoppers substantial price reductions on technology products, ensuring availability throughout the promotional period.

Lenovo Group (LNVGY) reported record results for Q4 and FY 20/21, showing significant growth across its business. Q4 revenue surged by 48% year-on-year to US$15.6 billion, while pre-tax income reached US$380 million, up 392%. Annual revenue exceeded US$60 billion, marking a 20% increase from the previous year. The company also declared a final dividend of 3.09 US cents per share. Lenovo's diversified strategy continues to drive growth, reflected in strong performances across core segments including PC and Smart Devices and Data Center Group.

GuRu Wireless and Motorola have announced their collaboration to introduce over-the-air wireless power technology for smartphones. This innovative solution, powered by GuRu's RF Lensing™, allows device charging over distances of meters, aiming to enhance consumer experience by removing traditional power concerns. Motorola's history of innovation and GuRu's patented technology combine to create a new era of mobility for smart devices and IoT sensors. Lenovo, which owns Motorola, continues to drive tech advancements with a $50 billion valuation.

Lenovo is launching its Victoria Day Sale on May 24, offering discounts up to 60% on various PCs and electronics. The sale features record-low prices on popular ThinkPad models, including the X1 Carbon Gen 9 and T14 Gen 2. Shoppers can access limited-time deals during Sneak Peek Week from May 17-23 and hourly doorbusters on May 31. Deals extend through June 3 for remaining inventory, with additional promotions starting June 4. Lenovo emphasizes that this sale presents an excellent opportunity for consumers to purchase high-demand technology products.

Lenovo's Memorial Day Sale offers discounts of up to 60% on select PCs and electronics, featuring significant savings on various ThinkPad models. The sale runs from May 24 through June 6, with special promotions including triple loyalty points for MyLenovo Rewards members and hourly doorbuster deals on Memorial Day. Key discounts include up to 45% off ThinkPad products and up to 40% off Yoga laptops. Customers can shop at lenovo.com for the latest offers.

Lenovo (ADR: LNVGY) and Nutanix have launched an As-a-Service solution for Hosted Desktops aimed at enhancing remote hybrid workforce operations. Their study reveals 83% of businesses expect continued remote work post-pandemic. Lenovo TruScale™ offers a comprehensive, secure remote work solution featuring various client devices and easy monthly payments. The initiative targets organizations needing efficient IT systems, especially in sectors like healthcare. The collaboration promises simplified management, potentially reducing infrastructure costs by up to 62%, while enhancing productivity and compliance with data regulations.

Lenovo (ADR: LNVGY) announces the expansion of its partner ecosystem with five new ready-to-deploy AI solutions, targeting various sectors including manufacturing and healthcare. The company collaborates with industry leaders Intel and NVIDIA to enhance its AI-ready servers. A notable project involves the AI solution crowdHEDGE for monitoring COVID-19 compliance in Turin. Lenovo's AI Solutions Accelerator Program aims to streamline AI adoption for enterprises, while their global AI Innovation Centers collaborate with universities to foster research and development in AI technologies.

Lenovo's annual global employee event revealed its transformative plans to evolve from a global devices company into a leader in technology solutions. CEO Yang Yuanqing highlighted unprecedented growth, with revenue increasing by 12% and pre-tax profit up 48% year-over-year during the first three quarters of FY2020. Lenovo's share price has doubled, reflecting strong execution. Key strategies include enhancing device proliferation, expanding end-to-end infrastructure, and leveraging AI for intelligent transformation. Lenovo aims to dominate PC market share and achieve mobile profitability with upcoming 5G innovations.