Lenovo to Spend $800M to Develop Mobile Products
May 7, 2012 by Todd Wasserman on Mashable
Lenovo, best known for its PCs, plans to get into mobile in a big way with an $800 million base in Wuhan, China, dedicated to developing mobile Internet products.
The facility, set to open in October 2013 and house thousands of employees, is charged with developing and delivering “new mobile internet products and bring(ing) them to its customers even faster,” according to a company statement. Such products include smartphones, tablet computers and other mobile devices.
The move comes as Lenovo continues to build market share in PCs, a tough segment. Last year, Lenovo surpassed Dell in sales to become the world’s number two player in the category next to Hewlett-Packard.
Lenovo currently offered some mobile devices, including its LePhone smartphones and its ThinkPad tablets (pictured). In the last fiscal quarter, the company shipped 6.5 million handsets and 400,000 tablets globally. Lenovo blamed its relatively slow growth in PC sales in 2011 to the growth of tablets, led by Apple’s iPad. Lenovo was the number two seller of tablets in China last year next to Apple.
Could Lenovo shake up the mobile market? Let us know in the comments.
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