In fact, Canalys data from July 2023 revealed that the worldwide PC market decline slowed in Q2 2023, with total shipments of desktops and notebooks down 11. Muhammad Zulhusni | 18 August, 2023Before the release of Lenovo’s results, Bloomberg Intelligence analyst Steven Tseng wrote in a memo that he anticipates “the intelligent devices group, which sells PC and smartphones and is the biggest source of revenue, is poised to be the main drag due to sluggish consumer demand and ongoing inventory digestion. The PC giant also shared that the US$1 billion in investment for AI in the next three years will focus on providing AI devices, AI-ready and AI-optimized computing infrastructure, and embedded AI-generated content into the intelligent solutions of vertical industries to help customers improve their productivity