Lenovo President and COO Rory Read told the press that his company sees mobile Internet products as a big growth driver. Read hopes to sell millions of smartphones in one to five years, and predicts mobile Internet products will account for 10-20 percent of Lenovo's revenue in five years.
The company hoped to sell millions of its new line of smartphones in one to five years, and tens of millions in the future, said President and Chief Operating Officer Rory Read at a media briefing on Monday.
He added that mobile Internet devices, which include popular low-cost netbooks, currently accounted for only a low single-digit percentage among of Lenovo's annual sales.
"The market in the smartphone space is just emerging in China," Read said. "It's just the beginning."
The mobile Internet devices market would overtake traditional PCs in the next five years, Chief Executive Yang Yuanqing, said as the company launched new mobile Internet products at an event in Beijing.