Lenovo is IdeaPadding its pockets thanks to a sharp increase in the company's tablet shipments during the fourth quarter of 2012.
Shipments of the IdeaPad and ThinkPad line represented an "almost 80 percent year-to-year growth," according to Lenovo CEO and chairman Yang Yuanqing during a conference call today.
The more than 800,000 tablets shipped by Lenovo contributed to the USD$9.4 billion (around £5.95 billion, AUD$9.03 billion) in total fiscal third quarter sales for the Chinese manufacturer.
"We will continue to have hyper growth in smartphones and tablets," Yuanqing said of Lenovo's best quarter ever.
IdeaPad pays off
The accelerated growth of Lenovo's IdeaPad tablet line is significant because the company's first IdeaPad tablet, the Lenovo IdeaPad K1, came out just a year-and-a-half ago.
Since then, it has launched additional Android and Windows-powered tablets meant for consumers rather than business professionals like its Thinkpad line.
The Lenovo IdeaTab S2110A and the IdeaTab A2109 released in 2012 and have been joined by new arrivals the IdeaTab K3011 and Ideatab A2107 this month.
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Plus, the company was able to take over IBM's personal computer business in 2005 and turn a healthy profit, as evidenced by today's earnings report.
Via CNET
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