BlackBerry ripe for takeover by Lenovo

A visitor passes the Blackberry Ltd. stand during the Apps World Multi-Platform Developer Show in London, UK, Oct 23, 2013. [Photo/CFP]

Lenovo will make its way to developed markets by 2015 after it enters such emerging economies as Russia, Brazil and Southeast Asia, Yang said.

The company is the second-largest smartphone vendor in China after Samsung. It also enjoys about 10 percent of market share in Southeast Asian countries.

Smartphones and tablets are the weapons Lenovo will use to advance into the United States and the European Union.

The company plans to sell at least 10 million tablets in the fiscal year that ends next March.

Its tablet shipments the previous fiscal year totaled 1 million.

"Smartphones and tablets are both profitable at the moment, and we will constantly be looking at ways to expand our business," said Yang.

The company also launched an assembly plant in the central city of Wuhan, Hubei province. Annual mobile device shipments from the plant are estimated to reach 100 million.

Liu Jun, the Lenovo senior vice-president who heads its consumer product unit, said strong delivery power will help the company sell its products at a better price, which will help gain more customers at the lower end of the market.