Lenovo-Motorola combine sold around 10 million units last fiscal, accounting for nearly 10 per cent share in total smartphone sales of 103 million units.
After Lenovo, world's largest PC maker faces fading demand in its home market China, it has high expectations on India where it expects to see a mammoth growth in the coming years.
Lenovo soon plans to file an application with the Centre to open company-owned stores under the liberalised single brand retail foreign direct investment rules.
Lenovo has morphed itself over a period of time from being pure play PC Company to what we refer as being present across the personal technology space.
Chinese electronics major Lenovo is working on bringing in differentiated products for the two platforms to offer a wider choice of devices to end-consumers, says a PTI report.
The decline will be due largely to rising competition in emerging markets, where lower-priced handset models from local competitors should continue to gain market share at the expense of the big two.