Lenovo responds to Trump tariffs in unexpected style

Lenovo CEO Yuanqing Yang says its flexibility is an advantage and will protect the company's profits.

flamingos 57 points 2 years ago

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"Although we are still assessing the impact, but overall, I don't think it has any significant impact to our business and to our future performance," Yang said. "So many other countries that have that kind of policies like Brazil and India. So actually it's not a disadvantage, but probably an advantage for Lenovo."

Yang went on to say that because of Lenovo's global manufacturing footprint with facilities in several countries including the U.S., the company is more resilient and flexible allowing it to adapt to different scenarios.

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darkevilmac 36 points 2 years ago

This mostly just comes across like a statement to calm investors.

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sugar_in_your_tea 3 points 2 years ago

Yup, "blah blah blah don't panic sell please."

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Taco 24 points 2 years ago

click bait

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laxe 2 points 2 years ago

Yup. I downvote titles like this in unexpected style.

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Imgonnatrythis 22 points 2 years ago

As a company we are not worried about this. We will just pass any price changes on to our customers. I assure you the quality and quantity of the hookers on my yacht will not be affected in the least.

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doodledup -3 points 2 years ago

Needing to pass on the price is quiet worrysome. It might affect sales. Economics is really not that hard to understand once you get into the basic fundamentals.

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futatorius 7 points 2 years ago

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nahostdeutschland -2 points 2 years ago

Yeah, but computers and smartphones are kind of like food - people need them, they are not luxury goods. You might be able to use your old laptop a while longer or keep using your broken smartphone, but if it really breaks, you will buy another one regardless of tarrifs.

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futatorius 4 points 2 years ago

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doodledup 1 point 2 years ago

Lenovo laptops are no essential goods. But if everyone holds on to their laptop for 5 years instead of 4 years, that would hit their yearly sales by 20%. If that's a lot depends on their margins.

Since you mentioned foods: Tarrifs will also impact food sales. People will prioritize cheaper foods. Avoid softdrinks, icecream and other non-essentials. They might also eat less meat and labor intensive fruits like grapes.

Nobody has infinite money. Everyone is affected differently by tarrifs. But everyone is affected by it and will change their consumption in some way, may it be the essentials or luxury goods. Lenovo will also be affected.

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