A customer checks out a Lenovo tablet at a shopping center in Hong Kong. Lenovo will spend about $49 million to repair 83 Marquinhos Brazil Jersey ,000 IdeaPad laptops sold in the United States. [PhotoChina Daily] Lenovo Group Ltd is about to settle a year-old class action lawsuit over laptop malfunctions in the United States for approximately $70 million.
The large settlement should be "a lesson" for Lenovo as the Chinese personal computer giant prepares to take on Apple Inc, a leading industry analyst said on condition of anonymity.
Lenovo will spend about $49 million to repair 83,000 Lenovo IdeaPad laptops sold in the US, as well as about $20 million in cash refunds and credit to settle a 2013 suit involving the company's ultrabook products, according to a document released by the US District Court for the Central District of California.
In February 2013 Marcelo Grohe Brazil Jersey , Garrett Kacsuta, who owned a Lenovo IdeaPad, filed a suit against Lenovo's US subsidiary because of "a design defect that affected the WiFi component of the computers", the document showed.
"The final settlement fee has not been decided as the process is not complete. The court is yet to approve the settlement amount," Lenovo said in a statement on Wednesday.
Antonio Wang Luiz Gustavo Brazil Jersey , research director at industry consultancy IDC, said Lenovo can use the incident to build a stronger brand image as a responsible company.
"It is a good time for Lenovo to improve product quality and after-sale services outside China," he said.
The US PC market, which is slowly recovering from its deepest slump in history, is Lenovo's key target for growth in the coming years.
The US market grew 6.9 percent year-on-year in the second quarter of 2014 Lucas Moura Brazil Jersey , according to IDC. "Continuing upgrades of Windows XP systems boosted shipments in commercial portables and desktops, helping the commercial segment," it said.
Lenovo's Americas business achieved a record PC market share of 12.5 percent in the second quarter of this year, up 3 percentage points year-over-year, according to the company. Its market share in the US increased to 11.3 percent Lucas Lima Brazil Jersey , up by 1.5 percentage points from a year earlier.
"The sales damage to Lenovo will be limited because the company's primary product line in the sector is the ThinkPad series," said Wang.
The core development team of the Lenovo laptop unit was acquired from IBM Corp in late 2004.
Lenovo is the world's largest PC maker in terms of annual shipments. In the second quarter, it shipped 14.5 million PCs, including desktops and laptop devices.
Second-ranked Hewlett-Packard Co shipped nearly 1 million fewer units than the Chinese company.
Lenovo is also trying to build a bigger product range and improve its profitability. It is carrying out two major acquisitions in the server and smartphone markets.
Both deals are likely to be closed by year-end, company executives said.
"
RIO DE JANEIRO Kaka Brazil Jersey , Oct. 23 (Xinhua) -- Brazil's Olympic gymnastics champion Arthur Zanetti has said that home advantage will play a big part when he attempts to defend his title in the rings event at next year's Rio Games.
""The energy of the crowds helps a lot, it gives me extra strength that I never felt before,"" Zanetti was quoted saying by Rio2016 on Friday.
The 25-year-old was a surprise winner at the London Games but has since become one of the world's most recognized gymnasts.
His gold at the 2013 Artistic Gymnastics World Championships in Antwerp were followed by triumphs at the 2014 South American Games in Santiago and the 2015 Pan-American Games in Toronto.
Now he is focused on repeating his Olympic success in front of his home fans in August.
Zanetti is currently in Glasgow for the world championships, where Brazil is aiming to qualify for the Olympic men's team event for the first time.
"
South Korean President Park Geun-hye faces a deepening crisis over allegations an old friend enjoyed inappropriate influence over her, a scandal that has sapped her support to an all-time low.
Park's popularity has slumped to 17.5 percent Jonas Brazil Jersey , the lowest since she took office in February 2013, according to a poll released on Thursday by pollster Realmeter.
South Korean President Park Geun-hye delivers her speech on the 2017 budget bill during a plenary session at the National Assembly in Seoul, South Korea, October 24, 2016. REUTERS
Forty-two percent of people polled said Park should face impeachment or step down. Her conservative Saenuri Party saw its support rating overtaken by the main opposition Democratic Party Jemerson Brazil Jersey , trailing by 4 percentage points at 26.5 percent.
Parliament began discussion on Thursday to appoint a special prosecutor to investigate the allegations amid calls from legislators for Park to reshuffle the presidential office and the cabinet.
It was not clear whether Park herself would be investigated.
Opposition parties have demanded a thorough investigation but have not raised the possibility of impeaching the president.
The South Korean won dropped to a near 4-month low as investors grew more concerned over the potential ramifications of the affair.
A public apology from Park on Tuesday for giving the friend, Choi Soon-sil, access to draft speeches during the first months of her presidency has done little to deflect demands that Park reveal the full nature of her ties with Choi and whether she enjoyed favors because of her friendship with the president.
Park, the daughter of a former president, Park Chung-hee Hulk Brazil Jersey , said she had consulted Choi with good intentions and Choi was someone "who gave me help when I was going through a difficult time".
Park is the latest South Korean leader to become engulfed in scandal involving family or friends, in the latter part of a single five-year term presidency.