Oct 12, 2016 05:20 PM
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Lenovo has implemented an aggressive strategy to replace Samsung as mainland China's top smartphone manufacturer. It spent$793.5 million in Wuhan to build a plant that can produce 30 to 40 million phones per year. Data from Analysys International shows that Lenovo's China smartphone sales experienced considerable growth in 2012. Lenovo's market share increased to 14.2 percent during 2012's third quarter, representing an increase over 4.8 percent sales growth in the same quarter of 2011. IDC analysts said that Lenovo's success is due to its "aggressive ramping-up and improvements in channel partnerships. "Analysys International analyst Wang Ying wrote, "Lenovo possesses an obvious advantage over rivals in terms of sales channels." The company's CEO, Yang Yuanqing, said, "Lenovo does not want to be the second player . we want to be the best. Lenovo has the confidence to outperform Samsung and Apple, at least in the Chinese market
