Lenovo, the world’s largest personal computer company (I’m writing this post on my Lenovo laptop), is going to introduce their brand of smartphones in Nigeria, with plans to expand into other African countries. The potential of this market is vast. Samsung is the largest manufacturer in Africa, followed by Nokia. Sales of smartphones alone in Africa are growing over 20% year-to-year.
How can you get in on this growth? A possibility is purchasing Lenovo over-the-counter in the U.S., which is listed as LNVGY . With tremendous growth in Africa anticipated for this company, this could be an African “play” with a large Chinese company that is involved in China and other markets (including the U.S.) throughout the world.
We do not, at the time of this posting, own any shares in Lenovo.
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