Lenovo sets sights on Apple in tablet PC race

Apple recently moved more products in China than Lenovo, but Lenovo CEO Yang Yuanquing isn’t afraid of Apple or its popular iPad tablet. One HSBC analyst recently said that Lenovo would have to boost its sales by $1 billion to be on a par with Apple’s revenue in China. According to the Financial Times, Mr. Yang doesn’t think HSBC’s analysis is fair. “That is not an apples to apples calculation,” he said. “[HSBC's] calculation includes the phone business but Lenovo’s main focus is in PCs, our phone business isn’t that strong even in China. If you compare the PC business we still have a lead far ahead of any of our competitors. Our aspiration is to gain market share and to continue to outgrow the market,” Mr. Yang said, noting that his company will focus on creating devices for all segments of the tablet market, including low-priced devices. “We will be one of the strongest players in this arena,” Mr. Yang said. “We want to become the leader in this industry and I believe that is definitely achievable, that is our aspiration.” Lenovo currently offers tablets powered by Google’s Android operating system and Microsoft’s Windows 7 platform.

[Via AllThingsD]

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