Chinese company Lenovo is considering potential acquisition targets, including Canada-based Research In Motion, the maker of BlackBerry phones. With the slowdown of PC sales worldwide, a RIM acquisition would help Lenovo penetrate the lucrative mobile-devices market. Worth $80 billion in 2008, when it was the top smartphone seller, RIM could be an easy target for Lenovo as its market value is down to $9 billion following six consecutive quarters of declining sales. RIM is hoping that the highly anticipated and long-delayed BlackBerry 10 phones, which are slated to be unveiled January 30th, will start a turnaround.
What Else You Need To Know
- Lenovo's no stranger to big acquisitions -- in 2005, Lenovo acquired IBM's personal computing business in 2005 and posted double digit growth through the years to become the world's largest PC seller in the third quarter of 2012.
- After releasing phones with just marginal improvements in the past two years, RIM has seen its U.S. market share decline from nearly 50% to 1% with consumers shifting to flashier iPhones and Android phones from the likes of HTC and Samsung.
At first glance this idea seems to have some merit since RIM’s enterprise-centric smartphones would seem to be a good fit with Lenovo’s enterprise laptops and tablets.- Brad Reed, BGR
Lenovo, which has a presence in the Chinese mobile phone market, has yet to break into the western mobile phone market in a meaningful way.- Dan Seifert, The Verge
- Lenovo may be a suitor for RIM's smartphone business
Amid Declining PC Market, Lenovo Says It Would Consider Bid for RIM, Others
Among the possibilities would be struggling Canadian phone maker Research In Motion, which has been considering a number of strategic options even as it works to launch its all-new BlackBerry 10 operating system this year.
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