“Lenovo phone business in China has sunk to the bottom, and thus we have no fear anymore” Yang Yuanqing, CEO of Lenovo, said to a Chinese reporter on May 24 (our translation). “But, we’re far from giving up. This is part of the strategy.”

In 2017, Lenovo Group’s revenue hit $45.4 billion, a 5.38% YoY increase. However, it’s mobile business revenue was $7.2 billion, a 16% decrease year-over-year.

Lenovo’s unsatisfactory phone business is not new news. The company acquired Motorola—a former tradition communication device giant—but found it hard to improve market performance.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com