China-based Lenovo reportedly is planning to raise its PC prices in China at the end of August due to a significant depreciation of the country's currency, and the vendor will next raise the prices in Southeast Asia, according to sources from the upstream supply chain.

The sources said Acer and Asustek Computer reportedly will also follow suit starting September.

Lenovo declined to comment on the sources' claims.

The sources pointed out that Lenovo's PC products including enterprise and consumer desktops and notebooks, are expected to see increases in pricing, but the vendor will not raise the prices for tablets and smartphones because of the fierce price wars currently seen in the markets.

Because of the Chinese yuan's depreciation, some market watchers expect Lenovo, which has 40% of its revenues from China, will see sharp profit declines.

But Lenovo has previoulsy claimed that the currency issue will not have much effect on the company since it mainly uses US dollar for its transaction. But the plan to hike increases shows that the impact of the yuan depreciation is much severe than the PC vendor had expected, the sources noted.

The sources expect Lenovo to take at least a year to fully recover and Asustek and Acer are expected to turn more aggressive in the China and Europe PC markets.