Lenovo: our phones will be profitable within six months, honest

Lenovo: our phones will be profitable within six months, honestIf asked to name your favourite Chinese smartphone manufacturer, you’d be forgiven for having Lenovo somewhere down the list behind Huawei (despite their tardiness) and ZTE.

I appear to have written a fair bit about Lenovo, but the only device that stands out in my mind is the LePhone K800, which popped up as the world’s first Intel smartphone at CES.

Lenovo’s mobile division isn’t doing too well at the moment when it comes to the almighty Benjamins, but CEO Yang Yuanqing promises they’ll be profitable come early 2013. Ish.

Over in China, Lenovo leapt from seventh place in Q1 to take second place in Q2, bypassing Apple and second only to Samsung. Interesting.

Yang boasts: “Some companies use just one model to cover all the price bands and customer segments. We will have multiple models to cover different price bands. We will have a much broader, wider product portfolio. Our development cycle will be much faster than our competitors.”

The Chinese manufacturer will imminently expand its mobile operation, with Lenovo smartphones going on sale in India, the Philippines and Indonesia within a couple of months.

Lenovo, eh? Who knew?

via: Bloomberg

Read more about: Android

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2 comments

matt101101 / MOD  Sep. 4, 2012 at 14:11

We will have multiple models to cover different price bands. We will have a much broader, wider product portfolio. Our development cycle will be much faster than our competitors.
Sounds a lot like "doing a Samsung".

Pondlife  Sep. 4, 2012 at 15:41

Or an HTC but somewhat successfully (so far)

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