Wednesday, November 02, 2005
Tablets working for Lenovo as quarterly profits increase 22%
Good news coming from Lenovo (via Edinburgh Evening News):
LENOVO, the Chinese company which earlier this year acquired computer giant IBM's PC-making business, has seen a better-than-expected 22 per cent rise in quarterly profits.
The Beijing-based firm, which now ranks as the third biggest PC-maker in the world, raked in profits of some £25.8 million for the three months to the end of September.
Shipments of innovative Lenovo PC products, introduced after the acquisition of IBM's loss-making PC unit in May, grew 13 per cent during the three-month period, industry reports said.
This growth rate was fuelled by the demand for such products as the ThinkPad X41 Tablet PC and the model refresh of the ThinkCentre desktop PC line.