Latest News:  

English>>Business

Lenovo seeks top smartphone spot (2)

By Shen Jingting  (China Daily)

15:00, January 05, 2013

Yang said Lenovo has long been dedicated to the mobile phone business. As early as 2002, it started research and development work on mobiles. It was the first company to offer smartphones and tablet computers in the Chinese mainland market, launching Le-Phone, a smartphone model, five years ago.

IDC analysts said Lenovo's rise is largely due to "aggressive ramping-up and improvements in channel partnerships".

Compared with Apple, which launches one smartphone model annually on average, Lenovo introduced 46 smartphone models, covering all price ranges, to the Chinese market in 2012.

It also invested 5 billion yuan ($793.5 million) in Wuhan, the capital of Hubei province, to build a manufacturing base with a production capacity of 30 million to 40 million smartphones a year. Yang said such factories will help the company maintain low stocks but with steady supplies.

Wang Ying, an analyst at Analysys International, said: "Lenovo possesses an obvious advantage over rivals in terms of sales channels."

While Samsung, the world's biggest smartphone manufacturer, relies heavily on electronics chain stores to sell products in China, Lenovo owns tens of thousands of outlets in the domestic market, reaching counties and villages.

Yang said Lenovo will expand its smartphone business overseas, starting in emerging markets. The company says it has already shipped smartphones to countries including India, Russia and Vietnam.

The IDC reported that China's smartphone shipments reached a record high, passing 60 million in the third quarter of 2012, more than three times the country's PC shipments.

Wong Teck-zhung, senior market analyst at IDC, said: "Chinese vendors such as Lenovo and ZTE made it to the APEJ (Asia-Pacific excluding Japan) top five vendors on strong performance in their home market, showing it is not impossible for Chinese vendors to surpass international vendors."

【1】 【2】


We recommend:

BJ-GZ HS to add 30b yuan to GDP annually

Great changes in Zhengzhou railway station

Wanda Group ventures onto the global stage

Sports car makers look to mainland market

Top Ten Economic Events in 2012

'Gold road' laid with gold bars

Email|Print|Comments(Editor:马茜、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Wushu masters' life in PLA Marine Corps

  2. Frontier forces conduct drill in remote mountains

  3. London Zoo holds annual animal census

  4. Lining up for a lifetime of love

  5. Food is the paramount necessity of life

  6. Winter clothes show times have changed

  7. Sexy Angelababy poses for VOGUE magazine

  8. Idiot dogs don't know how to pose for photos

Most Popular

Opinions

  1. Where should China's badminton head for?
  2. Why ‘Chinese style road crossing’ occurs
  3. Time to abandon obsession with theme parks
  4. No grand glory, but plenty to cheer about
  5. Optimism over China's economy surfaces
  6. Internet gaming: 'A winning gamble'
  7. People have right to know what chickens eat
  8. Catchwords in memory in 2012
  9. Why the young Chinese get physically weaker
  10. Why Discover China is popular in the West

What’s happening in China

Six children and one adult died Friday morning in a fire that engulfed an unregistered orphan shelter.

  1. Forced confessions banned in investigations
  2. Official investigated for owning houses
  3. China refutes accusations on foreigner's visa
  4. 3 dead, 2 injured in Henan tanker crash
  5. Fatal E China fire confirmed as arson