Yang Yuanqing said: "We are very satisfied with the development of the PC and tablet business... But it is clear that our smartphone business has a lot of room for improvement. In the smartphone market, our products have experienced some errors. For this, we Redesigned the smartphone and will return to the Indian smartphone market."
Yang Yuanqing also stressed the importance of the Indian market, saying that India, like China, the United States, Japan and Brazil, is the main market for Lenovo.
He said: "The development potential of the Indian market is enormous... We hope that Lenovo's business here can reach US$5 billion to US$6 billion. This is our goal. In the next 3 to 5 years, we hope to achieve this. The scale."
Yang Yuanqing did not disclose how large the current size of Lenovo's business in the Indian market.
For the Indian smartphone market, Yang Yuanqing said that Lenovo will pursue a "double brand strategy" and operate two brands "Lenovo" and "Motorola". In this way, Lenovo's products will cover three grades of high, medium and low.
Yang Yuanqing confirmed that Lenovo will launch more cheaper mobile phones in India. He said that India is an important market and Lenovo will not give up.
Currently, the Indian smartphone market is dominated by Samsung and Xiaomi. At the same time, brands such as vivo and OPPO also have a large market share.