Re: So they're planning to wait until the market shares have solidified?
"Yeah, that seems like a good plan."
But you've just said it, that the existing markets are commoditising fast, so it doesn't make sense to pile in and fight with HTC, Huawei, etc for the unprofitable scraps of the Android market (in which the real value is being made by Google).
There's waves of technology evolution, both hardware and software. In Lenovo's position I'd say they're very wise waiting to see what happens next. That might be wearable tech (and might not), it might be home and device integration, it might be the waning of Android and rise of a new phone OS with a different economic model, it might be a far more content-centric model that links content to users rather than devices. If I knew I'd be so rich I wouldn't be spending my time posting this.