Major China-based handset vendors including Coolpad, Lenovo and Xiaomi Technology are unlikely to reach their shipment goals set for 2014 due to slow sales of 4G models in the third quarter and gloomy prospects for the fourth quarter, according to Digitimes Research. The conclusion comes after Digitimes Research researchers and analysts made a visit to dozens of upstream and downstream makers in China’s handset supply chain during the August-September period.
Most 7-inch tablets’ prices have dropped significantly during October with several first-tier vendors’ 8GB models even dropping to as low as US$99. Meanwhile, 8-inch tablets also seen their prices decrease with stable panel supply and vendors expanding their investments in related products. Among the vendors, Lenovo was the most aggressive about price cuts.
Lenovo plans to increase its Thai market share as it invests an additional USD5 million in Thailand in 2014. Jeerawut Wongpimonporn, general manager of Lenovo Thailand, said that Lenovo’s Asian headquarters has approved this additional budget plan. Of the total investment, USD2 million to USD3 million will be used to expand marketing channels, enhance marketing, and improve operation and management; while the remainder will be used for office maintenance and the creation of a server demonstration center.
NEW DELHI: Amid cut-throat competition and allegations of predatory pricing between online and offline retailers, Chinese electronics major Lenovo is working on bringing in differentiated products for the two platforms to offer a wider choice of devices to end-consumers. Many sellers on popular e-commerce sites like Flipkart and Snapdeal have been selling products, especially electronics, on discounted rates or what physical retail stores refer to as “predatory pricing”.
The new series of Yoga tablets will feature Intel processors. Lenovo will retail these products exclusively on Flipkart – one of India’s largest e-commerce portals. Among the four new models, only Yoga Tablet 2 (8-inch) will be on sale from tomorrow, the other three will be available for sale only from mid-November. The second generation of Yoga series has one 8-inch, two 10-inch and one 13.29-inch models. One will run on Windows OS, while the other three will feature Android OS at its core.
NEW DELHI: Lenovo is set become the third largest smartphone vendor in India after the completion of its acquisition of Motorola Mobility, a sharp move up for the Chinese company which has made its name though PC sales in a market that it hopes to start local manufacturing of handsets in. “Presently, Motorola is at number four in India. And, we are expecting to close the acquisition by the end of the calendar year, which we believe make us the third largest smartphone player e in the In ..
Lenovo Group, Ltd. announced it will form a new smart phone company in China next year to compete against Xiaomi, Inc. The new company, which will run under a different brand name, is expected to operate on April 1, 2015.The still unnamed company aimed to develop “leading internet-based smart devices and services business” for the Chinese market, Lenovo said in a statement.
Today, Chinese tech giant Lenovo announced plans to establish a new subsidiary company that will focus exclusively on creating smart devices and services. The new company, which will operate under a different name and branding, will begin operation on April 1, 2015. Taking the helm of this new company will be Chen Xudong, who is currently Lenovo’s president of China geography and Asia Pacific–emerging markets.
China’s Lenovo Group and Japan’s NEC agreed to extend their joint venture agreement through 2026. The agreement signed by the two parties included amendments to the initial transaction. Amendments to the NEC brand license agreements stated that the parties to the NEC brand license agreements entered into the NEC brand license amendment agreements on October 7, 2014, to extend the terms of the NEC brand license agreements for two more years to June 30, 2018.
Lenovo Group Ltd on Friday introduced its latest high-end tablet products, challenging Apple Inc, which is likely to unveil a new iPad next week. Yang Yuanqing, chairman and chief executive of the Chinese personal computer maker, said the company is ready to take on Apple in developed markets including the United States and Western Europe. Yang Yuanqing, chairman and chief executive of Lenovo Group Ltd, holds aloft the company’s newly launched tablet Yoga in Beijing on Friday. The company hopes the new products will attract more high-end users. Provided to China Daily
Lenovo Group, the world’s largest computer maker, has allocated an extra US$5 million this year in its latest attempt to boost its presence in Thailand. Thailand is one of two strategic Asean members for the Beijing-based firm. The extra budget has been approved by its regional headquarters in Asean, said Jeerawut Wongpimonporn, country general manager for Lenovo Thailand. About $2-3 million will be used to develop Lenovo’s distribution channels and improve marketing and management with the aim of broadening its consumer PC market.
Lenovo has become the biggest x86 server provider in China as its acquisition of IBM’s x86 server business completes. IDC said it believes this acquisition will enrich Lenovo’s x86 server portfolio and strengthen its products and channels. IDC’s latest data on China x86 server market shows, Lenovo shipped 99,101 units in the first half of 2014 and ranked fourth among all vendors in the same category. Combining IBM and Lenovo’s shipments in the period would make Lenovo the biggest vendor in China’s x86 server market with a market share of 23.9%.
After visiting China’s smartphone industry in August and September, Digitimes Research found that demand for 4G smartphones in China did not rise as expected and most vendors’ domestic shipments did not achieve any growth. Digitimes Research estimates that even if China’s top-three telecom carriers strengthen their promotions for the fourth quarter, vendors that focus mainly on domestic shipments such as CoolPad, Lenovo and Xiaomi, are still unlikely to achieve their shipment targets for 2014.
With Google planning to release its Android L OS soon, which supports 64-bit processors, Android-based smartphone vendors will speed up their migration to the 64-bit architecture, making 64-bit CPUs mainstream technology for smartphones in the second half of 2015, according to industry sources. Qualcomm has led rival suppliers to release its 64-bit-enabled Snapdragon 610/614/410 chips, which have won design-ins from China-based Lenovo, K-Touch, Huawei and Vivo as well as Taiwan-based HTC, said the sources.
Chinese technology company Lenovo announced a new cloud computing program during its enterprise business strategy and ThinkServer Gen5 launch meeting. The company also published its self-developed cloud platform management solution named ThinkCloud. Gerry Smith, Lenovo Group’s executive vice president, head of enterprise and head of Lenovo’s North America operations, said that apart from PC, enterprise business is another major profit contributor for Lenovo. By acquiring IBM’s X86 server business, Lenovo aims at the top of the global server market.
While there have been many 4G smartphones for sale at retail prices of CNY1,000 (US$163) or below in the China market, China-based vendors including Coolpad and Lenovo are expected to launch models for sale at CNY500 or below by the end of 2014, according to president He Ning for China Mobile Device, a wholly-owned subsidiary of China Mobile. 4G smartphones priced at up to CNY500 will be mainly support TD-LTE, TD-SCDMA and GSM, with chip solutions to be provided by Taiwan-based MediaTek, He said.
Because telecom carriers in China have sharply reduced subsidies to smartphone purchasing, China-based smartphone vendors, which used to cooperate tightly with telecom carriers and adopted a strategy of flooding the market with multiple smartphone models, are turning to marketing through retail and online channels, significantly reducing the number of smartphone models customized specifically for telecom carriers, according to Digitimes Research’s recent findings.
Lenovo will further hike in-house notebook production and reduce orders to Taiwan-based ODMs in 2015, with total outsourcing orders to decrease by over three million units on year and the corresponding proportion of target shipments to slip from 50% in 2014 to 40%, according to Taiwan-based supply chain makers based on Lenovo’s RFQ (requests for quotation) for 2015. Lenovo will increase in-house production of consumer notebooks from eight million units in 2014 to 9-10 million units in 2015, and business-use models, mainly ThinkPad series, from seven million units to eight million.
NEW YORK: IBM said on Friday (Aug 15) that US authorities had cleared a US$2.3 billion (S$2.86 billion) deal allowing China-based Lenovo to take over its server unit after a national security review. The Committee on Foreign Investment in the United States (CFIUS), which reviews takeovers which could have national security implications, notified IBM “of the successful conclusion of the committee’s review,” the company said in a statement.
SHANGHAI, July 25 — Displaying its smart glasses for the first time in prototype form in its native China yesterday, the company is hoping to attract developers’ and manufacturers’ attention ahead of an official launch in October. Lenovo wants to make its take on smart glasses, called the C1, the central hub of the connected home or office of tomorrow.