Tuesday, March 8, 2011

Lenovo to launch LePad this month

Lenovo Group Ltd, China's biggest maker of personal computers, plans to begin sales of its LePad tablet computer this month, Chief Executive Officer Yang Yuanqing said in Beijing.

The mobile Internet is a "key area" for growth for Lenovo, Yang told reporters at the opening session of the National People's Congress.

Lenovo, based in Raleigh, North Carolina, said last month it aimed to be the market leader for tablets in China and that it would sell the LePad there before offering it in other markets. Over the next two years, tablets will account for 10 per cent to 15 per cent of the global computer market, Lenovo projected at that time.

The company said in February LePad would be launched "later this quarter," without being more specific. Apple Inc started sales of its iPad tablet computer in China in September.

Revenue at Lenovo's mature-markets division, which includes its operations in the US and western Europe, rose 22 per cent to $2 billion in its fiscal third-quarter, the company said last month.

Sales had jumped 34 per cent in the same period at the company's emerging-market division, which includes India, Brazil and Russia. China sales gained 18 per cent in the three months ended Dec 31.

Lenovo will continue to see growth in computer sales in "mature markets" such as the US and western Europe, Yang said today. "While emerging markets are our key growth market, our growth in mature markets is also very rapid."