The result comes as Lenovo navigates a PC market that has shrunk markedly since the advent of smartphones and tablet computers. According to researcher Gartner, global PC shipments fell for the 10th consecutive quarter in January-March, and dipped below 63 million units for the first time since 2007.
On paper, it could appear that Lenovo ANZ had an absolute bumper of a year, with after-tax profit for the year ending March 31, 2018, coming in at AU$12.6 million against AU$0.7 million the year prior, but it doesn't tell the full story. Revenue for Lenovo's Australian and New Zealand operations totalled AU$719 million compared to AU$737 million a year prior. Services revenue was down by a quarter on 2017's AU$31.3 million number to AU$23.3 million, while revenue from sales trickled down by 2.3 percent from just shy of AU$700 million to AU$683 million. Consequently profit before income tax fell to AU$5.22 million from AU$5.78 million a year prior. Although the company said it paid AU$5.5 million in income tax for 2018, AU$2 million lower than in 2017, the company also received a deferred tax benefit of AU$10.6 million that gave a AU$12 million turnaround in the income tax line item.
"We are pleased to see that the AI detection engine in SparkCognition's DeepArmor solution is so effective, with the product detecting 99.9% of threats in our Malware Protection Test," said Andreas Clementi, Founder & CEO at independent testing company AV-Comparatives. "We are proud to partner with the number one PC manufacturer in the world," said Vijay Doradla, Chief Business Officer at SparkCognition. "The collaboration will offer Lenovo's existing and future SMB customers access to next-generation cybersecurity, and demonstrates Lenovo's commitment to their customers and clients–in businesses of all sizes." Lenovo Intelligent Devices Group's Global Director of Cybersecurity Solutions, Nima Baiati, will speak at SparkCognition's annual AI and future tech summit, Time Machine, November 13 and 14 at the Palmer Events Center in Austin, Texas. Registration for the two-day summit is available online.
Qualcomm has had a busy few weeks. After announcing new chips for midrange 5G phones and next-gen smartwatches alongside a robotics platform and networking inventions, the company is unveiling today its latest premium mobile chipset. The Snapdragon 865 Plus is a follow-up to the Snapdragon 865 launched late last year, and, like each iteration before it, promises better performance and battery life. ASUS also announced today that the ROG Phone 3 will come equipped with the 865 Plus, while Lenovo said its Legion sub-brand is working on a 5G mobile gaming device that will use the chipset. ASUS hasn't officially unveiled more details about the third-gen ROG Phone, and says full specs will be coming in the next few weeks.