|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||14.74 - 15.00|
|52-week range||8.97 - 15.27|
|Beta (3Y monthly)||1.12|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.31 (2.04%)|
|1y target est||15.05|
Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents. Ed Giles reports.
Microsoft (MSFT) has recently launched a number of devices that show it’s serious about capturing a fair share of the PC market. It launched its laptop Surface Book 2 in November last year and its tablet computer Surface Go in August this year. Microsoft’s revenue from its Surface segment rose 14% year-over-year in the last quarter, which Microsoft credits to the success of the Surface Book 2 and the Surface Go.
Shares in Chinese PC maker Lenovo rose more than 5 per cent in afternoon trading in Hong Kong after the company reported net profit beat expectations in the second quarter. Lenovo said net profit for the three months to the end of September rose 21 per cent compared to a year earlier to $168m, higher than the $118m analysts’ forecast in a Refinitiv poll. Total revenue was up 14 per cent compared to the same period last year at $13.4bn as revenue in its PC and smart devices division climbed 18 per cent to $10.2bn.
This is Lenovo trying to move into a new niche and trying to fill a glaring gap in the ThinkPad lineup. This is a market served primarily by the larger MacBook Pro and Dell XPS models. If you're also a fan, you'll love the look of the X1 Extreme.
Oh no, we're not done with Chinese slider phones just yet. Following the Xiaomi Mi Mix 3 and Honor Magic 2, today Lenovo unveiled the Z5 Pro which is another notch-free Android slider made for China, but with the main difference being its price point -- starting from about $290 instead of $475 and above. This is mainly due to the fact that the device houses Qualcomm's mid-range Snapdragon 710 chipset, but you still get a 6.39-inch 2,340 x 1,080 AMOLED screen, in-display fingerprint reader, 6GB of RAM, a 3,350 mAh battery, dual Nano SIM slots and NFC.
Sony has signed a two-year patent licensing agreement that allows Lenovo to use the PSVR design for its Mirage Solo VR headset. Some virtual reality enthusiasts might have expected that from the moment Lenovo launched its standalone Daydream device. While Mirage Solo is self-contained and the PSVR isn't, it does look very similar to the latter.
Regardless, companies won't stop trying to kill off the laptop keyboard. The lower portion of the C930 can be both used as a digital sketchpad as well as an e-reader. The C930 sails pretty close to the previous Yoga Book from 2016, which kickstarted the idea of a keyboard-free laptop.
Google isn't being stingy about its recently announced Home Hub features -- it's going to be available on all Assistant smart displays, regardless of manufacturer. Multi-room audio adds your display to a speaker group and allows you to play music throughout your home, while Live Albums will automatically pick your best photos and display them.
According to market research company Gartner, Apple’s share in the global personal computer (or PC) market is estimated to decline in the third quarter of calendar year 2018 (or Apple’s fourth quarter of fiscal 2018). Global PC shipments have been estimated to be flat at 67.20 million units in the third quarter. Gartner estimated Apple’s (AAPL) MacBook shipments at 4.9 million units in the third quarter of 2018, a decline of 8.5% year-over-year compared to 5.4 million units shipped in Q3 2017.
Third quarter PC shipments benefit from improving demand from businesses customers but weakness in consumer PC market is a concern.
Unlike Lenovo, JBL and LG, Google's Home Hub doesn't run a stripped-down version of Android -- in fact, it's closer to a Chromecast. The revelation comes by way of Ars Technica's Ron Amadeo. You see, while Lenovo, JBL and LG's smart displays are all powered by Qualcomm's Home Hub architecture and Google's Android Things platform, the Home Hub features an Amlogic chip (typically found in smart TVs and other smart accessories) and runs a full-featured version of Google's Cast platform.
Happy days are here again for Lenovo, though not for most of the PC industry. The Chinese tech firm has reclaimed the top spot for PC shipments in both Gartner and IDC market share estimates for the third quarter of the year, pushing past HP to scoop up roughly 24 percent of the market. Apple and ASUS saw their shipments drop, though, and Acer's results depend on who you ask (Gartner doesn't count Chrome OS PCs, IDC does).
When Amazon unveiled the Echo Show last year, many people made fun of it for its bulky, awkward appearance. Google's smart displays were better-looking and had a more intuitive interface, with desirable features like step-by-step recipes and YouTube integration. Amazon must have taken note of the competition, however, because the new Echo Show has undergone a serious upgrade, with an improved design, superior sound quality and enhanced entertainment options.
U.S. stocks fought to narrow gains early Friday, as Europe's markets veered lower after the September jobs report showed a sharp slowdown in hiring.
The MSCI AC Asia Pacific Infotech Index hit the lowest since July 2017 on Friday as investors digested a Bloomberg News report that China had infiltrated American companies with a hardware hack three years ago. The story came the same day Vice President Mike Pence criticized China across economic, commercial and diplomatic fronts in a keynote speech. While the two nations were already embroiled in a months-long tariff-raising trade confrontation, the latest developments raise the broader question of the place of China -- and its Asian suppliers -- in the supply chain that feeds through to the U.S. consumer.
Today we've highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have at least a Zacks Rank #2 (Buy), and a variety of other factors make these companies stand out as having strong upside potential.
Lenovo Group Ltd. has seen its shares surge 43 percent in the nearly five months since the announcement of its removal from the Hang Seng Index -- an increase that beats every other Chinese technology stock during the same period while outperforming the broader Hang Seng index that this month slumped into a bear market. The rapid reboot of the PC manufacturer’s shares is a welcome surprise for investors who had grown accustomed to Lenovo being the world’s worst-performing technology stock, plunging 56 percent between March 2013 and April as it repeatedly missed turnaround targets for its embattled smartphone business.