Lenovo Group Ltd hopes to increase its total overseas sales of desktops, laptops and tablets and unseat Apple from the No. 1 position in two years, according to Yang Yuanqing, Lenovo's CEO.

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Lenovo will also strive to give a boost to its service arm, especially in the cloud division, during the coming fiscal year.

With the end of the fiscal year on March 31, Lenovo reported a total shipment of 55 million PCs, 9.2 million tablets and 50 million smartphones.

The world's biggest PC maker's total annual earnings registered at $ 817 million, an astounding leap of almost 30 percent from last year's.

Yang said that company's outstanding sales performance and profits last year clearly shows Lenovo's potential for growth and capability to stay true to their commitments, despite the market's condition.

Lenovo being a China based company had China as its biggest market. Sales in China contributed to almost a third of the company's total sales.

In the global desktop-laptop-tablet market, Lenovo did relatively well when compared to Apple which took 16 percent of the market and Lenovo having 12 percent, according to Yang.

In terms of tablet sales however Apple took a big lead in terms of sales with its total shipments for the first quarter reaching 16 million tablets compared to Lenovo's 2.1 million.

According to Sun Qi, vice-president of Sino Market Research Ltd., a local consultancy group, Lenovo was able to match Samsung's sales performance in the smartphone market during the past year.

Lenovo's acquisition of Motorola's mobility unit will make Lenovo a far more serious threat to Samsung in the coming year, Sun added.

There are analysts that even say that the acquisition may help Lenovo be at par with Samsung and even Apple and maybe even surpass both industry leaders.

Analysts have also volunteered suggestions for Lenovo to look into becoming a service provider and not just a hardware developer.

Lenovo should step out of its comfort zone; begin to think of other services it could provide and explore these new areas, said Kitty Fok, head of IDC China.