LG to Introduce the Next Evolution in Portable TVs with the Upcoming Launch of StanbyME 2 in the Gulf Region
The countdown to the StanbyME 2 launch has begun, and LG is inviting everyone to be part of the journey. Whether you're a fan of cutting-edge technology, a design enthusiast, or someone who values versatility in their devices, the StanbyME 2 is designed with you in mind. Don't forget to mark your calendars for the Try & Buy campaign with Mumma Dubai Mums Club from August 8 to August 24.
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Al Bawaba
14 hours ago
- Al Bawaba
Lenovo Group: First Quarter Financial Results 2025/26
Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced strong first quarter results for the fiscal year 2025/26, reporting significant growth in overall group revenue and profit. Revenue grew 22% year-on-year to US$18.8 billion, with net income up 108% year-on-year to US$505 million. On a non-Hong Kong Financial Reporting Standards (non-HKFRS[1]) basis, net income grew by 22% year-on-year to US$389 million, adjusted for non-cash fair value gain on warrants[2].All main business groups saw solid double-digit year-on-year revenue growth, with the PC business reporting particularly strong numbers following the highest year-on-year revenue growth rate in 15 consecutive quarters and an all-time high market share of 24.6%. The Group's diversified growth engines continue to grow, with non-PC revenue mix up nearly half a point year-on-year to 47%. All sales geographies delivered high to relatively high year-on-year revenue growth. The strong results reinforce Lenovo's ability and commitment to preserve competitiveness, maintain market share, and sustain profitability against the challenging external main strategic factors drove the results. First, the Group's firm execution of its hybrid AI vision sees it capitalizing on unprecedented AI opportunities. Second, a commitment to continuous investment in innovation, which saw R&D spending increase over 10% year-on-year, supporting the Group's progress towards long-term goals of building personal and enterprise AI twins. And third, its operational excellence, including a unique ODM+ manufacturing model, a balanced global sales footprint, and a 'Global/Local' model that combines global sourcing and resources with local combination of these factors gives the Group maximum flexibility and resilience to navigate through market cycles and geopolitical uncertainties. Looking ahead, Lenovo remains committed to delivering more breakthrough innovations for customers, generating higher returns for its shareholders, and creating lasting value for its stakeholders and communities around the and CEO quote – Yuanqing Yang: 'By leveraging the resilience and flexibility of our supply chain and operational excellence, we overcame challenges brought by tariff volatility and the geopolitical landscape and achieved significant growth in both top and bottom lines. These record Q1 results underscore our ability to deliver on our promise to preserve competitiveness and continuously grow our business. Looking ahead, we will continue to firmly execute our hybrid AI strategy towards the vision of Smarter AI for all, relentlessly drive innovation in personal AI and enterprise AI products and solutions and consistently strengthen our operational competitiveness so that we can realize sustainable growth and profitability improvement.'Lenovo management encourages investors, analysts, and the public to focus on its non-HKFRS measures, which exclude the impact of non-cash items related to warrants and convertible bonds as part of Lenovo's strategic collaboration with Alat. Non-HKFRS offers a clearer view of the Group's core operational performance, as the non-cash items related to warrants and notional interest on convertible bonds are expected to persist through the end of fiscal year 2027/ Devices Group (IDG): Strong growth across the board, leading in personal AIQ1 FY25/26 performance:• Overall IDG revenue grew nearly 18% year-on-year to US$13.5 billion, with the PCs and smart devices business delivering 19% year-on-year revenue growth, the fastest pace in 15 quarters. All geographies achieved double-digit year-on-year revenue growth in PCs and smart devices.• The PCs and smart devices business maintained its industry-leading profitability with an operating profit of more than 8% thanks to a strong performance from high-margin segments.• PC market leadership was further reinforced with a record 24.6% market share, together with an increased lead over the number two player.• AI PC penetration accelerated, accounting for more than 30% of all Lenovo PC shipments. Lenovo ranks #1 globally in the Windows AI PC segment with a 31% market share.• Smartphone revenue grew over 14% year-on-year to US$2.2 billion, with sales volume outgrowing the market for eight consecutive quarters. In markets outside of China, smartphone market share reached a record high, with the success of the Razr phone seeing Motorola take the #1 position in foldables (flip and fold) with over 50% market share.• Looking ahead, IDG will continue to build agent-native devices of various forms, while enriching the application ecosystem for AI super agent to boost agent user engagement. This will drive toward 'One AI, Multiple Devices', positioning agent-native devices as the entry point for Personal Solutions Group (ISG): Sustained high growth, building long-term competitivenessQ1 FY25/26 performance:• ISG delivered strong revenue growth of up 36% year-on-year to US$4.3 billion through a strong execution of its CSP (Cloud Service Provider) and E/SMB (Enterprise and SMB) dual strategy.• Increasing investments in AI infrastructure and R&D, as well as enhancing E/SMB competitiveness, even as profitability was impacted in the short-term.• The AI infrastructure business revenue more than doubled year-on-year with a robust pipeline and a clear product roadmap ahead. Revenue from industry-leading liquid cooling solutions grew 30% year-on-year.• Looking ahead, ISG is committed to investing in driving long-term growth and value through strategic market expansion, E/SMB business model transformation, AI infrastructure innovation and product development, to stay ahead of the AI curve and provide differentiated global competitiveness. The Group is confident that ISG will not only sustain mid-to-long-term growth, but also deliver stronger profitability and Services Group (SSG): High growth and high profitability, unleashing Lenovo hybrid AI AdvantageQ1 FY25/26 performance:• SSG delivered another record quarter of revenue, up 20% year-on-year to US$2.3 billion – marking 17 consecutive quarters of year-on-year revenue growth.• Operating margin was up 1.2 points year-on-year to over 22% - making SSG the key profit engine for the Group overall, thanks to its sustainable margin expansion.• Support Services achieved double-digit year-on-year revenue growth by leveraging strong market demand for hardware and focusing on attaching premium services, e.g., Premium Care and Premier Support Plus.• Managed services, and 'as-a-Service' offerings, along with Projects and Solutions grew even faster with TruScale Infrastructure-as-a-service delivering triple-digit growth year-on-year in signings, and TruScale Device-as-a-service seeing double-digit growth for the quarter. Their combined mix increasing three points year-on-year to 58% of SSG's total revenue.• AI-driven solutions have gained momentum, especially in manufacturing and supply chain sectors.• Looking ahead, Lenovo will further build the Lenovo Hybrid AI Advantage framework as its key differentiator and will focus on Digital Workplace Solutions, Hybrid Cloud, and Sustainability solutions, while at the same time building simple and scalable AI-led vertical solutions to solve customers' most significant and ESG highlightsLenovo published its FY2024/25 Environmental, Social and Governance Report in June 2025, key highlights included:• Detailed progress towards the Group's 2030 emissions reduction targets, including reaffirming its long-term ambition to achieve net-zero greenhouse gas emissions by 2050.• Environmental progress through participation in the circular economy, including the continuous use of closed-loop recycled materials in its products as well as sustainability services for customers.• The Group's sustainability performance was recognized by 3rd parties such as EcoVadis (Platinum Medal), MSCI ESG Ratings (AAA), and CDP (A list in climate, water security and supplier engagement). The Group's governance and reporting was additionally recognized with a Gold Award from the Hong Kong Institute of Certified Public Accountants (HKICPA) for Best Corporate Governance and was recently ranked #8 in Gartner's Top 25 Global Supply Chain, with an ESG Score of 9/10. The ranking recognizes excellence in supply chain operations among global leaders across various industries, including pharmaceutical, automotive, FMCG, and technology. The prestigious Gartner ranking highlights companies that consistently demonstrate leadership in supply chain strategy and July 2025 Lenovo climbed 52 spots on the Fortune Global 500 list. This achievement marks Lenovo's 16th year on the Global 500, highlighting it as one of the world's 500 largest companies by revenue, with its highest ranking in the Technology sector to date – placing 13th among the global technology industry.[1] Non-HKFRS measure was adjusted by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, gain on deemed disposal of a subsidiary, impairment and write-off of intangible assets, property, plant and equipment and construction-in-progress, fair value change on derivative financial liabilities relating to warrants, and notional interest of convertible bonds; and the corresponding income tax effects, if any. [2] Effects of warrant obligations will fluctuate positively or negatively in the coming quarters (through the end of FY27/28), primarily based on share price movements in the quarter. Lenovo encourages the market to focus on its underlying operational performance as reflected by non-HKFRS reporting.
Al Bawaba
a day ago
- Al Bawaba
OPPO solidifies global patent leadership, ranked among the world's top ten Chinese patent filers in Europe and, USA
OPPO, a leading global smart device company, has confirmed its top ten world ranking among patent filers for Chinese companies, announcing that it has filed more than 115,000 patent applications worldwide, with 63,000 granted and of July 2025, the global consumer tech powerhouse has filed patents in more than 40 countries and regions, including 787 in the Middle East. In 2024, OPPO demonstrated significant intellectual property strength, ranking 7th globally for granted Chinese utility patents, 2nd among Chinese companies for European patents, and 6th among Chinese companies for US to the World Intellectual Property Organization (WIPO), OPPO ranks among the Top 14 global organizations filing patents under the PCT (Patent Cooperation Treaty) - an international agreement that allows businesses to file patent applications seeking intellectual property protection in multiple countries. Leading 5G network technology deploymentOPPO's commitment to advancing technology is underscored by its extensive 5G Standard Essential Patents (SEPs), which are deployed in over 40 countries and have been declared to the European Telecommunications Standards Institute (ETSI). A proactive contributor to 3GPP, OPPO this year ranks 8th globally for comprehensive 5G patent strength, according to LexisNexis company maintains a leading global position in video standard patents and is significantly expanding its global AI patent portfolio, with a focus on key areas such as image processing, computer vision, voice technology, natural language processing, and machine flash charge technologyOPPO is also supercharging the adoption of its flash charge technology, which has been licensed to over 60 companies across various industries, including consumer electronics, shared power banks, and in-car charging. This expansion is driven by OPPO's 'Flash Initiative,' launched in 2021, which aims to integrate its innovative charging IP beyond smartphones into diverse applications for enhanced user OPPO's flash charge patented technology is now integrated into more than 10 million vehicles worldwide. Through strategic patent licensing collaborations with automotive manufacturers, chip makers, and module suppliers, OPPO is actively building a robust fast-charging ecosystem for the automotive sector, demonstrating its commitment to broad industry Ren, President of OPPO MENA'Our consistent top-tier ranking in patent filings, coupled with the widespread adoption of our innovations underscores OPPO's unwavering commitment to pushing technological boundaries, globally and in the Middle East,' said Lay Ren, President of OPPO MENA. 'We believe that by actively contributing to global standards and fostering broad industry collaboration, we can truly empower users with cutting-edge experiences and shape a more connected and intelligent future.'
Al Bawaba
2 days ago
- Al Bawaba
Smart Cleaning for Smart Families: How LG Vacuums Help Gulf Parents Prepare for Back-to-School Season While Saving on Energy Bills
As the back-to-school season approaches, Gulf families are preparing for the busy days ahead. Between managing school supplies, schedules, and activities, keeping the home clean can often feel like an added challenge. LG Electronics is here to make life easier with its range of CordZero cordless vacuum cleaners, designed to deliver powerful cleaning performance without the hassle of cords. Whether it's tidying up after a busy morning or tackling a deep clean before the school week begins, LG's vacuum cleaners are the perfect solution for smart LG A9T-Lite, A9K-Core2, and A9LSlim models combine advanced cleaning technology with user-friendly features, offering families a variety of options tailored to their unique needs. From compact designs for smaller spaces to powerful, versatile models for larger households, LG's cordless vacuums are built to make cleaning faster, easier, and more LG A9T-Lite is a versatile option that features a lightweight, ergonomic design, complete with an adjustable telescopic pipe for added comfort. Its 5-step filtration system captures fine dust particles, promoting cleaner air, while its dual battery system ensures extended cleaning sessions. The All-in-One Tower provides convenient storage and automatically empties dust and debris, making maintenance families seeking a high-performance solution, the LG A9K-Core2 delivers exceptional suction power with its Smart Inverter Motor™. It features LG's KOMPRESSOR™ technology, which compresses dust and hair in the bin, reducing the frequency of emptying. With dual batteries, washable filters, and multiple attachments for various surfaces, this model is ideal for tackling everything from carpets to hard-to-reach LG A9LSlim offers a sleek, space-saving design without compromising on performance. Weighing just 1.97kg, it's perfect for smaller homes or families prioritizing portability. Despite its compact size, it features the same 5-step filtration system and Smart Inverter Motor™ as the other models, ensuring powerful cleaning in a lightweight cordless vacuums are designed to meet the demands of modern families. Their cordless design eliminates the hassle of tangled cords, while their lightweight builds make them easy to maneuver. Long-lasting rechargeable batteries allow for uninterrupted cleaning, helping parents save time and energy during their busy a focus on convenience, all models (except the A9LSlim) are compatible with the LG ThinQ app, allowing users to monitor filter status, battery life, and even run diagnostics from their smartphones. Whether it's pet fur, dust, or everyday messes, LG's vacuums come with multiple accessories to ensure every corner of the home is spotless. As Gulf parents prepare for the back-to-school season, LG's CordZero vacuum cleaners are the ultimate cleaning companions. With their advanced features, ergonomic designs, and powerful performance, these vacuums help families maintain a clean and organized home while saving time and effort.
