Lenovo Is a Huge Threat to Apple and Samsung in China

Lenovo is primarily known as a Chinese PC company, but its smartphone sales have been exploding in China, with twice as many smartphone sales as Apple (Nasdaq: AAPL ) in Q3 of 2012. It now holds about 15% of the smartphone market share in China, well ahead of Apple's 7%, and gaining quickly on the market share leader Samsung, which has 17%. In this video, Motley Fool research analyst Lyons George discusses how this isn't just a problem for the two smartphone titans in terms of market share erosion. Lenovo is willing to sell its phones to grab market share -- even at a loss -- something that may be very damaging to the big guys' bottom line.

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Report this Comment On November 29, 2012, at 11:42 PM, FreeRange1 wrote:

Such nonsense! Lenovo is appealing to the lower end of the market. That is not where Apple plays, an as an expat living in China I can assure you that there is no easing of demand for Apple products. Period.