14 Little-Known Facts About Lenovo
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| Facts about Lenovo. Photo: A1facts |
Beijing, China and Morrisville, North Carolina are the corporate headquarters of Lenovo Group Ltd., a Chinese multinational technology company. Due to the fact that it creates, develops, produces, and sells personal computers, smartphones, tablets, workstations, electronic storage devices, servers, high-quality televisions, and IT management software. According to unit sales, Lenovo was the biggest PC retailer in the world in 2015.
14 Amazing Facts About Lenovo
1. Lenovo paid Google $2.91 billion, which was made up of $660 million in cash, 750 million US dollars in Lenovo common shares at closing, and $1.5 billion in the form of a three-year promissory note.
2. In technology sector, It is the biggest-over overseas acquisition by a Chinese company.
3. Lenovo was the fastest-growing smartphone seller among the top 5 in 2013, ranking as the fourth-largest smartphone manufacturer in the fourth quarter of 2013. The Motorola acquisition will significantly help the company enter new, important markets like the United States and Europe.
4. Google is keeping over 15,000 Motorola Mobility patents, whereas around 2,000 are going to Lenovo. Lenovo also will get a license for the Motorola patents that Google is holding.
5. According to Lenovo CEO, it’ll be using Motorola Brand in U.S., Latin American and is even thinking about using it in China.
6. Additionally, Google is keeping hold of Motorola Mobility's Projects Group, which took part in Project Ara. Additionally, there is advanced technology and various intriguing concepts like food authentication pills and security sensors for tattoos.
7. Among different acquisitions from U.S., Lenovo had bought IBM’s PC Business in 2005.
8. Since Google originally closed Motorola Mobility acquisition in 2012 for $12.5 billion. After the deal, Google sold Motorola’s set-top box business to Arris Group INC. for $2.24 billion.
9. Lenovo hopes to sell 100 million smartphones in year when closing the Motorola deal.
10. Motorola Mobility’s current portfolio of smartphones include the Moto X and Moto G and DROID Ultra series.
11. Lenovo’s current logo was adopted in 2015. Its design was intended to be representative of the company’s versatility and customer-centric approach to technology
12. In 2014, Lenovo bought Motorola Mobility from Google for $2.91 billion.
13. Lenovo entered a lucrative agreement with Microsoft in 1997.
14. In 1990, Lenovo released the Legend PC, the company’s first self-branded personal computer and its first real success, according to Android Authority.
| After Dell and Hewlett-Packard, Lenovo is the largest computer manufacturer in China and the third-largest computer company globally. As a result, it accounts for one-third of all branded computers sold in China and produces computers and computer parts for numerous foreign companies. In 2007, it had a $15 billion market value. |
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