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 (AAPL 0.53%) 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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Lenovo Is a Huge Threat to Apple and Samsung in China
Lenovo is well ahead of Apple in Chinese smartphone market share, and closing in on Samsung quickly.
Lyons George has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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