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Lenovo in mobility drive

By Gao Yuan | China Daily | Updated: 2013-08-15 23:50

Lenovo Group Ltd will pursue new customers in more emerging markets and push its mobility drive, executives said.

The comments came on Thursday as the world's biggest personal computer maker reported impressive $8.8 billion quarterly revenue.

Lenovo in mobility drive

Workers assemble computers at a Lenovo Group Ltd plant in Chengdu, Sichuan province.Provided to China Daily

"Future growth in the global smartphone business lies in emerging markets, and our focus is shifting from high-end customers to mainstream buyers," said Yang Yuanqing, chairman and chief executive officer.

The electronics manufacturer said its shipments of mobile devices overtook those of PCs for the first time in the first quarter of the new fiscal year, which started in April.

Powered by robust growth in the smartphone and tablet segments, the company posted net profit of $174 million in the quarter, beating the Wall Street estimate of $166 million.

Sales of mobile devices generated 14 percent of revenue, according to the company's results.

Earlier this year, Lenovo said its major competitors are consumer electronics vendors including Apple Inc and Samsung Electronics Co, rather than traditional PC makers, a group that includes Hewlett-Packard Co and Dell Inc.

"We are looking for a more reasonable price tag for our devices. The advantages in price and channel networks will help us to take on our rivals," said Yang.

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