Lenovo and Asustek are expected to release Chromebooks using Google-certified solutions from China-based Rockchip in the first half of 2015 at the latest, and their devices are expected to be priced at US$149, a new low for notebook products, according to Digitimes Research’s latest finding from the Greater China supply chain. Rockchip is a first-tier tablet application processor (AP) designer in China and has recently cooperated with Intel over chip design and the distribution of Intel’s SoFIA chips.
Lenovo and Google jointly announced that Lenovo formally completed its acquisition of Motorola Mobility from Google, and this now makes Lenovo the third largest smartphone maker in the world. Yang Yuanqing, chairman and chief executive officer of Lenovo Group, said that while enhancing the company position as the third largest smartphone maker in the world, Lenovo will challenge the top two competitors.
Lenovo reportedly will launch Chromebook models targeting the sub-US$170 segment in early 2015, a move which will further drag down profits for notebook vendors, according to Taiwan-based supply chain makers. Lenovo’s Chromebooks will be powered by CPUs from China-based Rockchip Electronics and produced by China-based ODM Bitland Information Technology. Additionally, Rockchip will also be responsible for the integration of the supply chain for Lenovo.
NEW DELHI: China’s Lenovo, better known for its personal computers, expects smartphone growth in the Asia Pacific region to be led by India, a fast growing but highly competitive market which will also be a key contributor to the company’s global success post its Motorola acquisition. Lenovo that completed the $2.91 billion acquisition of formerly Google-owned Motorola last week said that globally it had become the No 3 brand by market share, while its position in India has been elevated to among the top five brands.
Lenovo’s newest earnings report, released this afternoon, shows that the Chinese company shipped 32.8 million smartphones worldwide in the six months ended September 30. That’s a record high, up 38 percent from the same period a year ago and outpacing the 25 percent growth in smartphone shipments in general. Lenovo credited this phone growth to “aggressive business expansion in emerging markets outside of China.” Indeed, markets outside of China now account for 20 percent of its shipped smartphones, which is up from nine percent a year ago.
Chinese PC maker Lenovo is reportedly planning to launch a new flagship smartphone in India this week. Lenovo has begun sending invites to select media houses for the launch event of an unnamed device scheduled on 6 November. In the invitation, the company has emphasised on the mystery device’s unique ‘multi-layered’ design, hinting that the upcoming event will witness the launch of the recently unveiled Octa-core powered Vibe X2 smartphone, reported BGR India.
NEW DELHI/BEIJING: After the closure of its $2.9 billion Motorola acquisition, world’s fourth largest smartphone maker Lenovo today said it will continue to sell the US brand as a separate label in India, one of its “most important” markets. In January this year, Lenovo had announced that it will acquire Motorola Mobility for $2.9 billion from tech giant Google, one of the largest acquisitions by a Chinese tech firm. Google, itself, had bought Motorola in 2012 for $12.4 billion.
WASHINGTON: Lenovo announced on Thursday (Oct 30) it has completed its acquisition of Motorola Mobility from Google, a move strengthening the Chinese giant’s position in the smartphone market. The US$2.9 billion deal, announced in January, ends Google’s brief ownership of the one-time mobile phone star. By adding Motorola, Lenovo positions itself among the top global smartphone makers behind Samsung and Apple.
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%.