Serj Panchuk
Not so long ago, the CEO of Lenovo was interviewed by Fortune. During the interview, the CEO told the reporter about the company's plans to conquer the international market of mobile devices, thereby becoming a major player in the industry along with Samsung, Apple and other respected brands.
The company is reported to have already made some major steps toward implementing its ambitious goal. In particular, it purchased the Motorola mobile division from Google.
It is very likely that we will see new Motorola products by Lenovo in the near future. According to the CEO of Lenovo, the company is planning to sell some 100 million devices. Last year, it was 45 million devices. At the same time, Motorola sold 20 million devices during the same period.
The CEO says Motorola is a respected brand in South and North America. So the company is planning to use Motorola to expand and consolidate its position on those 2 continents. When asked, whether Lenovo is planning to move Motorola's production facilities from the USA to China, the CEO gave no clear answer, so this remains to be seen…
Meanwhile, Lenovo's stock is appreciating on positive news (that reassured investors) and strong financial figures. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of LNVGY:
Serj Panchuk
