According to Lenovo’s latest earnings report, the world’s largest PC manufacturer is now selling more smartphones than PCs. The Chinese company reported selling 15.8 million smartphones in the recent quarter, compared to 14.5 million sales in PCs, further proving that the digital world is moving towards mobile. Despite this, Lenovo is still making more profit on its PCs, possibly due to the fact that most of its smartphone sales are low-end handsets popular in emerging markets.
In a major turnaround, Google is selling Motorola to Lenovo for $2.91 billion, in a mixture of cash and stock. Lenovo plans to use Motorola to gain a major foothold in the American market, an arena that it’s struggling to break into. That said, Lenovo is certainly a company on the rise, having shipped 45 million smartphones in 2013, a 90% year-over-year growth. Google is framing the move as a way to craft a better Android ecosystem for all devices, not just Motorola, while holding on to Motorola’s Advanced Technology and Projects group. The move seems to take the more ‘basic’ handset business – which has been hemorrhaging money since acquired – and dumps the load on others while Google gets to work with the higher-end patents and technology. For Lenovo, it’s very much in line with its past moves, such as purchasing ThinkPad from IBM in 2005. So while Lenovo gets the handsets, Google gets to keep all the patents and high-tech research. A win-win? We’ll just have to see.
I caught up with All Things D and bigwig industry reporter Kara Swisher at CES today. Swisher moderated a panel called “What will they think of next, Consumer Technology in 2025” that featured panelists including VPs from Lenovo, Intel, and Qualcomm. After the panel and a little “Where-in-the-world-is-Yahoo” guilty-pleasure chatter* between us, Swisher shared a few thoughts on trends in online and emerging media for the coming year–and if she thinks there is a fail-safe place for advertisers to hedge their sacred bets this year:
Other than this insight from Swisher, the main takeaways from the panelists was four-fold:
The Lab team is heading to the Consumer Electronics Show (CES) in Las Vegas this week to roam the showrooms and take part in the massive gadget brain-exchange. We’ll be blogging live through the weekend–and here are 10 reasons you should stay tuned:
1. It’s like Paris’ Ready-to-Wear event of the year–but instead showcasing gadgets in Vegas. While there will be far more geeky men than hot models in pretty get-ups (I’ve already heard that a fellow digerati femme was one of only 10 women on her plane to Vegas), this is the place to look for what technologies and consumer electronics are coming down the line in ’09. THIS is the place where dreams are made, battles are won, hearts are broken. Okay, perhaps I’m pushing it. But, if you have any desire to keep abreast with technology, stay tuned (preferably here) for all the latest and greatest advances in consumer tech.
2. We might finally learn if this is the year the Internet will kill the TV star. (Check out the WSJ’s round up of reasons how it might). It likely won’t–but this year even a scaled back CES promises some amazing new solutions for watching video and TV via the Internet including two of my favorite new devices: New player ZeeVee is presenting their ZvBox which turns computers into an HDTV channel on your TV set; WhereverTV allows consumers to watch hundreds of international television shows on your television via the Internet (sign me up!)
Stay with me, I’ve got 8 more reasons CES is THE consumer event of the year: Continue reading “Top 10 reasons CES matters”