By Josh Ye
HONG KONG (Reuters) –China‘s Lenovo Group posted a 6.8% rise in fourth-quarter revenue, its slowest growth in seven quarters, as people shopped for fewer of its personal computers after months of strong pandemic demand.
A rush to buy PCs during the pandemic culminated in record sales and profit for Lenovo in the December quarter. But sales have begun to lose steam as China, the company‘s biggest market, has been hit by the Omicron variant, prompting many cities to impose lockdowns and shut factories.
(Reporting by Josh Ye; Editing by Muralikumar Anantharaman and Stephen Coates)