Lenovo Sinks Amid Market's Largest Revenue Decline

The PC giant bought IBM's x86 business about two years ago, but has struggled to formulate a cohesive sales strategy for that line despite the low-cost x86 platform's dominance of the server market. Lenovo's fourth-quarter revenue fell 16.7 percent year over year to $946 million while its revenue market share fell to 6.4 percent from 7.5 percent a year earlier.