Lenovo targets $1bn in smart devices sale

Beijing. The Global personal computer giant Lenovo Group is eyeing selling new-type smart devices worth $1 billion in the new financial year.

Lenovo will make “intelligence” its new brand label as the company keeps connecting their products with data, services and users, Yang Yuanqing, the company’s chairman and CEO, said at the “Lenovo FY2018 China Kickoff” Tuesday. The company eyes more progress in PC, mobile services, data centers and artificial intelligence in the new financial year. Software and other services revenues are expected to reach $2 billion this year, while the market penetration rate of Lenovo’s PC value-added services could gain 1 percentage point. Meanwhile, Lenovo hopes that revenue of its super-scale data center business will reach $1.5 billion. (Xinhua)

and that clients of its vertical industry intelligent solutions will grow by more than three times.