“Lenovo Group Ltd., set to overtake Hewlett-Packard Co. as the biggest PC maker this year, now has its sights on the smartphone and tablet markets, as it takes on Apple Inc. and Samsung Electronics Co. in China,” Bloomberg News reports.
MacDailyNews Take: When you count iPads (tablets), Lenovo is nowhere close to taking over from the actual world’s biggest PC maker, Apple Inc.
“The maker of Thinkpad laptops, a business it acquired from IBM, has added tablets and phones to lessen its dependence on PCs, taking it into direct competition with the world’s most valuable company,” Bloomberg News reports. “Chief Executive Officer Yang Yuanqing said Lenovo’s brand name, product development and distribution in China will give it an edge over Apple and other rivals that create devices elsewhere before selling them in the world’s biggest PC and smartphone market.”
Bloomberg News reports, “Outside of China, Lenovo will struggle to sell products that are more distinguished by software they can use rather than the device itself, said Jean-Louis Lafayeedney, an analyst at JI Asia in Hong Kong. ‘I don’t see Lenovo being able to do it, not in the foreseeable future,’ said Lafayeedney, who rates the shares sell. He said the company lacks the software development power to lure users away from Apple’s operating system…”
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