Market Insight | Lenovo Group opens more than 3%, collaborates with Qualcomm and Microsoft to launch a new generation of AI PC. Morgan Stanley upgrades Lenovo's rating
Lenovo Group opened more than 3%, as of the time of publication, it rose by 3.54% to HKD 10.54, with a turnover of HKD 2018.74 million. On the news front, on May 21st, Lenovo Group launched the next generation Copilot+PC, Lenovo YogaSlim7x and Lenovo ThinkPadT14sGen6, both equipped with Qualcomm Snapdragon XElite. The expected starting price for Lenovo YogaSlim7x is $1199, and for Lenovo ThinkPadT14sGen6 is $1699. Both products are expected to be launched in June 2024. Morgan Stanley pointed out that the penetration rate of AI PCs in laptops is expected to increase from about 2% this year to around 85% in 2028, and the growth in sales is also expected to drive up the average selling price, benefiting the supply chain. It is expected that AI PCs will initially drive up the average selling price by 7.5%, and over time, the price increase effect will weaken to 2-3% by 2027-2028. The ratings of Lenovo and Asus have been upgraded from "Equal-weight" to "Overweight"
According to the information from Zhitong Finance and Economics APP, Lenovo Group (00992) opened more than 3% higher. As of the time of publication, it rose by 3.54% to HKD 10.54 with a turnover of HKD 2018.74 million.
On the news front, on May 21st, Lenovo Group launched its next-generation Copilot+PC, the Lenovo YogaSlim7x and Lenovo ThinkPadT14sGen6, both equipped with the Qualcomm Snapdragon XElite. The Lenovo YogaSlim7x is expected to start at a price of $1199, while the Lenovo ThinkPadT14sGen6 is expected to start at $1699. Both products will be launched in June 2024.
Morgan Stanley pointed out that the penetration rate of AI PCs in laptops is expected to increase from about 2% this year to around 85% in 2028. The growth in sales is also expected to drive up the average selling price, benefiting the supply chain. It is expected that AI PCs will initially drive up the average selling price by 7.5%, and over time, the price increase effect will weaken to 2-3% by 2027-2028. The ratings of Lenovo and Asus have been upgraded from "Equal-weight" to "Overweight"