Lenovo warns of price hikes to absorb U.S. tariffs, shares slide

(Reuters) – China’s Lenovo Group, the world’s largest PC maker, warned it will have to raise product prices if U.S. tariffs increase, sending its shares tumbling 6.5% to two-month lows.

Lenovo’s warning amid mounting business uncertainty due to the U.S.-China trade war cast doubt on its sales outlook and took the shine off forecast-beating quarterly results where robust PC sales helped the company more than double its profit.

Read more Source: https://www.reuters.com/article/us-lenovo-results/lenovo-warns-of-price-hikes-to-absorb-u-s-tariffs-shares-slide-idUSKCN1V42E6

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