Lenovo to Sell Smartphones in Emerging Markets

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Yun-Hee Kim, Lenovo to Push Its Smartphones Beyond China. Wall Street Journal, Oct 25, 2012 (title in print).
http://online.wsj.com/article/SB ... 76241324650654.html

Quote:

"While Lenovo has gained market share in smartphones in China over the past few years, its phones business still isn't profitable, analysts say. In the second quarter, Lenovo's smartphone market share in China was 11%, trailing Samsung's 19%, according to data from market-research firm IDC. US-based Apple and ZTE Corp of China ranked third, with 10% each. Lenovo doesn't disclose profitability by business unit.

"In early November, Lenovo will begin selling smartphones in India [with models ranging from $199 to $349], where the company has a leading position in PC sales, Mr [Milko] van Duijl[, Lenovo's president of Asia-Pacific and Latin America,] said. The company began selling smartphones in Indonesia 9prices not mentioned] last week as part of its push to expand smartphone sales in emerging markets, and recently entered the smartphone market in the Philippines and Vietnam.

Note: Please view the bar chart, for market shares of smartphones in China.