Strong tablet sales help Lenovo to record best ever quarter

by Doug Drinkwater

January 31 2013

Lenovo is betting big that Windows 8 tablets will become hot in 2013
Lenovo is betting big that Windows 8 tablets will become hot in 2013

Lenovo enjoyed its best ever quarter in Q4 of last year, with the ThinkPad maker putting this down to “hyper growth” in smartphones and tablets.

The firm recorded total sales of $9.4 billion and a profit of $205 million in its third fiscal quarter, results which led the firm’s CEO to credit the rising shipments of IdeaPad and ThinkPad tablets.

Speaking during a conference call, Lenovo CEO and chairman Yang Yuanging revealed that the firm’s tablet shipments increased by 80% year-on-year to 800,000 units in the quarter, and stressed that he expects this rise to continue going forward

"We will continue to have hyper growth in smartphones and tablets," said Yuanging.

Lenovo has released a number of tablets for consumers and businesses in the last two years.

The company’s first tablet, the Android-powered IdeaPad K1, launched in July 2011 and was shortly followed by the original ThinkPad tablet, the IdeaPad P1 and A1, the IdeaTab S2110 and the IdeaTab A2109.

Other Android tablets included the IdeaTab K3011 and IdeaTab A2107 but Lenovo showed that it was open to other tablet operating systems at the end of last year, when it announced the Windows 8-based ThinkPad 2 and ThinkPad Helix.

Unlike other vendors, Lenovo certainly believes that Windows 8 can be a success in the near future.

"New technologies like Windows 8, Ultrabooks, and convertibles will drive new demand,” said Yuanging during the conference call. “2013 will be better than 2012.”

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