Lenovo aims for 80M 2014 smartphone shipments

|About: Lenovo Group Ltd. ADR (LNVGY)|By:, SA News Editor

Lenovo (LNVGY) plans to launch more than 60 smartphones in 2014 as part of an effort to grow its shipments to 80M, says Chinese mobile chief Zhang Hui.

IDC estimates Lenovo sold 45.5M smartphones in 2013, +92% Y/Y and good for a 4.5% share. The 2014 target implies 76% shipment growth.

Lenovo, set to acquire Motorola Mobility and its 2K R&D engineers, is looking to sell 60M smartphones in China, and 20M elsewhere. Half of its new models will support 4G.