Asian PC giant Lenovo has joined the long line of companies that plan to enter the very crowded smartphone market. Is it any wonder? Personal computer sales have fallen through the floor, while at the same time smartphone sales have soared. The trouble with the Lenovo plan is that Apple Inc. (NASDAQ: AAPL), Samsung and a host of second-tier players have the market for smartphones in a vice.
Reuters says of the Lenovo smartphone venture:
China’s Lenovo Group Ltd, the world’s No.2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-growth markets.
Lenovo has been aggressively forging deals over the past eight years to gain prominence in PCs, and that strategy is now shifting to smartphones, tablets and enterprise computing as PC shipments decline.
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.