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Lenovo Won’t Stop at No.3 in Smartphones After Motorola
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Lenovo Group Ltd. said its $2.91 billion purchase of Motorola Mobility from Google Inc. will help the company boost global smartphone sales and challenge market leaders Samsung Electronics Co. and Apple Inc.
“Lenovo will be number three in the global smartphone market, but definitely we will not stop here,” Chief Executive Officer Yang Yuanqing said in a telephone interview yesterday. “We want to become the leader in the smartphone and mobile devices area.”