Seeking Alpha

Lenovo to begin selling flagship phone internationally

  • Lenovo (LNVGY, LNVGF) is set to begin selling its flagship Vibe Z smartphone outside of China. The device features a 5.5" 1080p, Qualcomm's high-end Snapdragon 800 CPU, a 13MP camera, and 4G support, and carries an unsubsidized price of $549 (on par with other high-end Android phones).
  • Lenovo has also begun selling three 3G-only mid-range Android phones - the A859, the S650, and the S930 - outside of China. The devices appear to be aimed at Asian markets where demand for cheap Android phones has taken off.
  • IDC estimates Lenovo shipped 12.3M smartphones and had a 4.7% smartphone unit share in Q3, up from 3.7% a year earlier. The company has made lofty mobile ambitions, and is counting on its low-cost manufacturing expertise and U.S. resources (stemming from its acquisition of IBM's PC unit) to help it stand out.
  • At the same time, the company faces stiff Android competition from Samsung (31.4% smartphone share), as well as local rivals such as Huawei (4.8% share), ZTE, and Xiaomi.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs