(Yicai Global) Nov. 20 -- China's smart phone manufacturer Legend Holdings Corporation [HKG:3396], the parent company of Chinese PC and smartphone maker Lenovo, proves to be popular in overseas markets. Its share in the Mexican market reached nearly 21 percent in the third quarter of this year, making it the biggest smart phone brand in this Latin American country, said Yang Yuanqing, chairman and CEO of Lenovo Group, on his Sina Weibo microblogging account.
In the third quarter, Legend mobile phone's sales in Latin America and North America rose nearly 70 percent over the previous year, seizing the highest market share, 17.1 percent, in Latin America. In Brazil, its sales remained at 20 percent or higher for four consecutive quarters, giving it a 23.3 percent market share in the last quarter.
However, Legend's mobile phone business in China has been shrinking. It only retains the Motorola brand, which has a lower market share than those of other top smartphone brands in China, mydrivers.com reported.