Lenovo CEO Yang Yuanqing said on Friday that he sees mobile internet devices making up the vast majority of the company’s profits,
possibly as much as 70-80%
, in as little as 5 years. Currently, most sales come from the Thinkpad and Ideapad line of notebooks. Lenovo plans to accomplish this changeover by expanding into emerging markets. Devices likely to make up these sales are tablets, smartphones, and smartbooks.
Lenovo is currently the world’s number four PC maker, having purchased IBM’s PC division in 2005. The China based company just released their first touchscreen smartphone, the Ophone O1, in China. Lenovo also plans to release another phone called the LePhone sometime in mid 2010. Most of Lenovo’s energies are being focused on the China market as part of their “protect and attack” strategy. After they feel more secure in China, Lenovo may more into underserved markets like Latin America and Eastern Europe.