China may be the biggest smartphone market in the world, but according to Lenovo, the boom days are over.

“But now the China market is not hyper-growing any longer,” said Lenovo’s CEO Yang Yuanqing on Thursday. “It has been saturated. If you want to win you have to find new growth areas.”

Lenovo’s CEO made the comment in an earnings call, just a week after the Chinese company completed its US$2.91 billion acquisition of Motorola Mobility.

Since 2010, Lenovo’s smartphone business has almost solely grown on demand from Chinese consumers, with the company rising to become one of the country’s top handset vendors. But even as it still wants to grow its presence in its home market, the company said on Thursday that foreign markets were becoming the focus of its smartphone business.

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