Lenovo shares rise 9pc on August launch of tablets

PUBLISHED : Thursday, 21 July, 2011, 12:00am
UPDATED : Thursday, 21 July, 2011, 12:00am

Lenovo Group is poised to challenge Apple's global dominance in the tablet segment with the release of three new media tablets.

Next month, the mainland computer giant will start shipping its IdeaPad K1 for general consumers and its business-friendly ThinkPad tablet which runs the latest version of Google's Android operating system.

The IdeaPad P1, designed for small business users, will be released in the fourth quarter.

The new line of tablets comes months after Lenovo's exclusive launch of its LePad device for the mainland market in March.

The announcement appeared to have bolstered investor confidence, as Lenovo shares rose 9.19 per cent to close at HK$5.11 yesterday - the stock's highest close since reaching HK$5.17 on December 15 last year.

Last week, Lenovo said it regained its position as the world's third-biggest supplier of personal computers in the last quarter.

'We've created a family of tablets that has something for everyone, including entertainment-friendly features and content for consumers, business-friendly features to enhance productivity for professionals, as well as security and manageability for IT managers,' said Liu Jun, president of Lenovo's Mobile Internet Digital Home business unit.

'We have listened to our customers and are delivering Android-powered tablets designed to meet their particular needs.'

Lenovo said the three new media tablets were able to access software applications - of more than 250,000 - that were available on Google's online Android Market and programs on the Lenovo App Shop.

Chairman Liu Chuanzhi said last month that Lenovo could capture more than a 20 per cent share of the mainland's media tablet market this year, compared with Apple's popular iPad and other tablets from major brands.

IDC Asia-Pacific research manager Melissa Chau, however, said Apple would continue to lead tablet sales on the mainland.



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