Earlier this year, Lenovo (LNVGY) CFO Wong Wai Ming casually mentioned a potential buyout of BlackBerry as a way to boost the company’s mobile business. The executive explained that Lenovo had been in talks with the struggling phone maker and its bankers “about various combinations or strategic ventures,” and that Lenovo even had “a team working on possible acquisitions.” Ming’s comments spread across the Web and within days the company was forced to clarify that Wong was merely speaking broadly on the subject. Even before the comments, however, analysts and Wall Street investors believed Lenovo could be a good suitor for BlackBerry (BBRY). This time around when speaking about a potential acquisition, Lenovo’s chief executive made sure to choose his words wisely. More →
Lenovo CFO Wong Wai Ming made comments last week that the company might consider an acquisition of struggling BlackBerry maker Research In Motion (RIMM) in an effort to bolster its mobile business. According to a statement released to The Next Web on Monday, however, Lenovo is not actually considering a bid for RIM. Lenovo says Wong was just “speaking broadly” while fielding questions from a reporter. “Lenovo is very focused on growing its business, both organically and through M&A,” a company spokesperson said. “When inorganic ideas arise, we explore them to see if there is a strategic fit.” Lenovo’s full statement follows below. More →
Lenovo (0992) may be the world’s second-largest PC vendor, but it knows that it desperately needs to step up its game in the mobile world to stay relevant. Bloomberg reports that Lenovo CFO Wong Wai Ming told the World Economic Forum in Davos on Thursday that his company is looking at a variety of options to boost its mobile game, including buying BlackBerry manufacturer Research in Motion (RIMM). More →
Breaking news: the PC industry isn’t doing very well. Unnamed sources have told Digitimes that HP (HPQ) and Lenovo (0992), which happen to be the PC industry’s two largest vendors, “are expected to see their notebook shipments drop about 20% sequentially in the first quarter of 2013, higher than an average 10% decline anticipated for the industry.” Overall, Digitimes‘ sources say that HP will ship around 6.5 million notebooks on the quarter, a significant drop from the 8 million notebooks shipped in the previous quarter, while Lenovo will see its shipments fall to around 5.2 million units this quarter from over 6.5 million in the previous quarter. But all is not doom and gloom for the industry this year: Digitimes‘ sources also said that “demand for notebooks in the end market is expected to return to normal in March before staging a substantial pick-up in April.”
AT&T (T) on Friday announced the addition of the Lenovo (LNVGY) IdeaTab A2107 to its line of tablet PCs. The 7-inch slate is equipped with a 1GHz dual-core processor, 1GB of RAM, 16GB of internal storage, 3G connectivity and Android 4.0 Ice Cream Sandwich. The IdeaTab A2107 also includes a 3-megapixel rear camera, a microSD slot, a front-facing camera and a 3550 mAh battery. The tablet’s display isn’t nearly as good as the competition, however, sporting a mere 1024 x 600 resolution with a pixel density of 170 pixels per inch, falling short of Google’s (GOOG) similarly priced Nexus 7. More →
Forget the battle between 7-inch and 10-inch tablets — Lenovo’s (0992) got something much bigger in mind. Per AllThingsD, Lenovo will show off its 27-inch IdeaCentre Horizon at the Consumer Electronics Show this week, a gigantic full HD multi-touch display that runs Windows 8 and features a third-generation Core i7 processor with NVIDIA GeForce graphics. The beast weighs in at 17 pounds, so it’s not exactly something you can carry with you to your local coffee shop, but if you want to convert your living room table into a massive computer, Lenovo’s table tablet is one of the only games in town. The price could be prohibitive to mass consumer adoption, however, as AllThingsD says the new computer will sell for around $1,700 when it ships this summer.
With a variety of smaller Android tablets already available, along with the iPad mini and the possibility of an Xbox Surface, 2013 is shaping up to be the year of the 7-inch tablet. In fact, worldwide sales of 7-inch tablets are expected to double from 34 million units in 2012 to 67 million in 2013. Smaller tablets already account for 28% of all projected tablet sales in 2012 and are on pace to increase to 33% by 2013. Despite these numbers, however, the world’s largest PC vendor isn’t worried. Lenovo (0992), which also offers a variety of 7-inch devices, expects the growing 7-inch tablet market to compete with large-screen smartphones, rather than PCs. The Chinese company knows a thing or two about the PC market, while sales within the industry as a whole have declined, Lenovo has managed to consistently grow and continues to post impressive financial results. More →
As smartphones get larger displays with higher resolutions and fast LTE data connectivity, it’s often the battery that gets the least love because breakthroughs that double and triple their run times are little more than proof-of-concepts. Motorola’s DROID RAZR MAXX HD and Samsung’s (005930) Galaxy Note II have been lauded for their long-lasting batteries, but other smartphone vendors are catching up. Lenovo (LNVGY) is reportedly planning to launch the P770 Android-powered smartphone with a 3,500 mAh battery – larger than the DROID RAZR MAXX HD’s 3,300 mAh power cell and the Note II’s 3,100 mAh battery. As PhoneArena notes, the leaked specs for the P770 are not as impressive: 4.5-inch qHD display (960 x 540 resolution), dual-core MediaTek MT6577 processor paired with 1GB of RAM, 8-megapixel camera and Android 4.1 Jelly Bean.
According to third quarter estimates from research firm Gartner, Lenovo (LNVGY) has edged out Hewlett-Packard (HPQ) to become the world’s largest PC vendor. Worldwide PC shipments in the third quarter declined more than 8% year-over-year to total 87.5 million units. The Chinese company is estimated to have shipped 13.7 million units in the quarter, representing a 9.8% year-over-year increase, compared to HP with shipments that declined more than 16% to 13.5 million units. In a statement to The Verge, however, the Palo Alto-based company claims Gartner’s report is less “comprehensive” due to its exclusion of workstations. HP instead points to rival research firm IDC and its estimates, which rank the company less than half a percentage point ahead of Lenovo. Worldwide PC shipments in 2012 are set to decline for the first time in over a decade as consumers embrace smartphones and tablets. IDC’s estimates follow below. More →
Acer (2353) will reportedly launch a second-generation Chromebook computer in mid-October, according to a report from Digitimes. The company hopes the device will be able to replace its dying netbook line, which is expected to be phased out of the market in the coming months. Acer was initially hesitant about promoting a new Chromebook due to low sales of its earlier model, the report claims. After Microsoft (MSFT) announced the Surface tablet, however, the company was outraged and decided to “aggressively” push its new Chromebook. According to Digitimes, the 11.6-inch computer has already entered mass production and monthly shipments are expected to reach as high as 200,000 units. In addition to Acer, it has also been reported that Lenovo (0992) may be developing a Chromebook product. More →
Lenovo (0992) had an explosive second quarter. The smartphone newcomer managed to jump from seventh place in the first quarter to second place in China’s mobile market. For the first time ever, shipments of smartphones in China, which reached 44.4 million units, surpassed shipments of features phones. Samsung’s market share remained unchanged at 19%, while Lenovo managed to capture 11% of all Chinese smartphone sales in the second quarter, according to IDC Research. “Lenovo had a huge second-quarter due to increased volumes through operators, and a continued push into retail, leveraging on its PC retail stores and partnerships,” Teck-Zhung Wong, a Beijing-based analyst with IDC, said in an email to Bloomberg. Due to anticipation over the iPhone 5 and increased competition from Samsung, HTC (2498) and ZTE (000063), Apple’s (AAPL) Chinese sales declined from 19% to 10%, dropping the company to No.4 in the second quarter. More →
Like its fellow OEM HP (HPQ), Lenovo (LNVGY) is refusing to join the Microsoft (MSFT) Surface crybaby brigade and is instead concentrating on building a competitive tablet. Bloomberg this week caught up with David Schmoock, chief of Lenovo’s North America operations, who said that Lenovo’s best opportunity to make a dent in the tablet market was to use Windows RT for all its tablets. The reason, he said, is pretty simple: Window RT devices can be priced between $300 and $400 while Windows 8 tablets will be priced in the $600 to $700 range. More →
Lenovo (0092) isn’t going to let the Microsoft (MSFT) Surface have all the Windows 8 tablet glory. The ThinkPad manufacturer on Thursday announced that its first-ever Windows 8 Pro tablet, dubbed the ThinkPad Tablet 2, will become available in October — possibly on the 26th when Microsoft officially releases the Surface. As far as features go, Lenovo has taken a page from Samsung by including an optional stylus with the device and is also offering a Surface-like keyboard dock that is sold separately. When it comes to size, the ThinkPad Tablet 2 has a 10.1-inch display, is 9.8 mm thin and weights less than 1.3 pounds. The full press release follows below. More →