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Lenovo Sees PC Slowdown as Reason to Sell Smartphones
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Lenovo Group Ltd. said slowing demand in the personal-computer market, where it overtook Hewlett-Packard Co. as the global leader last quarter, is good reason for the company to expand into smartphones.
Lenovo is already the second-largest smartphone maker in China and plans to seize the top spot from Samsung Electronics Co., Milko Van Duijl, president for the Asia-Pacific and Latin America regions, said in Hong Kong today. “Our goal is definitely to get to number one and not only to take smartphones into the China market but also into emerging markets.”