The acquisition could keep Lenovo's smartphone sales on an upward trajectory. Sales rose 47% in the most recent quarter due to strong growth in Asia.
Will the iPhone succeed in China?
China is already the top source of revenue for the company, reaching $4 billion in the most recent quarter alone. But gaining market share in the smartphone world won't be easy, as the company faces stiff competition from other firms including Huawei, Xiaomi and Apple(AAPL).
Recent research also suggests that smartphone adoption is also beginning to slow in China.