Lenovo Aims to Dominate Smartphone and Tablet Markets, Too

More than a year after Lenovo first set up its new Mobile Internet and Digital Home Business Group (MIDH) to manufacture mobile Internet-focused devices, the Chinese computer giant announced Thursday that it's starting to get the business off the ground.

Depending on whom you listen to, Lenovo is either the world's biggest PC maker (Gartner) or its second biggest (IDC). Correspondingly, Hewlett-Packard (NYSE: HPQ  ) is also No. 2 or No. 1. But in recent months, Lenovo's gained traction in smartphones and tablets as well. Lenovo "LePhone" smartphones now rank second in smartphone market share in China, behind Samsung. Lenovo also sells a "Yoga" brand laptop that converts into a tablet and runs Microsoft (Nasdaq: MSFT  ) Windows 8. And new models of smartphones and tablets are in the offing.

Lenovo sold 7 million smartphones, mostly in China, last quarter. While the business is not yet profitable, Lenovo hopes to make it so as it gains scale, and expands into first developing, and then developed markets internationally.

 
 

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2106438, ~/Articles/ArticleHandler.aspx, 9/20/2014 2:20:31 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement