Growth in 2016 PC shipments is now expected to be roughly 2% below earlier projections as conditions have been weaker than expected, IDC says.
Lenovo CEO Yang Yuanqing said integration efforts related to the company's past acquisitions "did not meet expectations."
Limited consumer interest, testing of Windows 10, and competition from other hardware platforms are cutting into PC sales.
The company plans to lay off 3,000 workers this year, producing $300 million in savings by 2017.
But concern arises about slowing momentum in the semiconductor maker's data-center division.
Commanding the desktop PC. New methods of control are at hand
