China's Lenovo aims for third in global smartphone market
Published on Feb 13, 2014 2:46 PM
SHANGHAI (AFP) - The chairman of Chinese computer giant Lenovo pledged on Thursday to make the company the world's third-biggest smartphone seller following an acquisition binge as the firm announced a 30 per cent profit surge.
Lenovo, already the world's largest personal computer vendor, snapped up US telecom firm Motorola Mobility for US$2.91 billion (S$3.68 billion) and IBM's low-end server business for $2.3 billion within days of each other last month.
"We will become the number three smartphone player in the world," Lenovo Chairman Yang Yuanqing told journalists on a conference call.
"With the combined business of Motorola smartphone and Lenovo smartphone, we will have much larger scale."
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