Lenovo plans to carry momentum into the smartphone industry

No. 1 PC manufacturer Lenovo will continue to battle Hewlett-Packard in the PC consumer market, and the company won't become stagnant by avoiding newer ventures. Lenovo plans to attack the smartphone market across the world in 2014, as the company has strong market presence in China.

"I'll be very clear: Our aspiration is someday to be No. 1 in the mobile space," Lenovo executives told the media. Earlier in the year, there were rumors that Lenovo wanted to purchase the BlackBerry phone unit - but the deal never materialized, and BlackBerry is no longer for sale. The smartphone market is highly saturated in the United States, but Lenovo can gain market share in the US and across Europe if done properly.

Just a few years ago, many doubted Lenovo would be able to climb the sales charts in the PC market - and the Chinese electronics maker is spending more time researching server products for the enterprise.