Lenovo Group Ltd. expects the memory crunch to affect the global hardware industry for the rest of the year, Chief Executive Officer Yang Yuanqing said on Thursday. The company earlier reported a 21% decline in net income over the December quarter, pushing its shares down 4.7% and underscoring concern about the pressure on margins from rising memory costs that have hit every corner of the electronics industry. That overshadowed a better-than-expected rise in revenue to $22.2 billion. Most Read from Bloo ...