Lenovo sees record growth following tablet success

Lenovo has reported it is experiencing strong growth within its tablet division after shipping 800,000 devices in the final three-month period of 2012.

During the firm’s quarterly earnings call, chief executive officer Yang Yuanqing said sales of its flagship IdeaPad and ThinkPad models contributed to the $9.4 billion (£5.95 billion) it made in the third fiscal quarter of last year.

The Chinese manufacturer also announced it sold around nine million smartphones during the three months to December 2012 and overall shipments within its mobile and tablet division triggered year-on-year growth of almost 80 per cent.

Mr Yuanqing said it was the execution of Lenovo’s ‘Protect and Attack Strategy’ that led it achieve record revenue, profit and global tech market share last quarter, “but also our smartphone and tablet businesses have delivered hyper growth”.

“Even more, our worldwide tablet and China smartphone businesses have become profitable,” he added, before claiming the company has been the fastest-growing PC company for 13 consecutive quarters.

Lenovo rolled out its IdeaTab S2110A and the IdeaTab A2109 in 2012, while it launched its new devices the IdeaTab K3011 and IdeaTab A2107 last month.

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