Lenovo rises to No. 3 in tablet shipments
07/24/2014 4:14 PM
07/24/2014 4:16 PM
Lenovo vaulted past rival ASUS to become the No. 3 tablet producer in the second quarter, according to the latest market data from market research firm IDC.
Lenovo's tablet shipments jumped a blistering 64.7 percent in the quarter, far outpacing its major competitors, IDC reported Thursday. That growth gave Lenovo a 4.9 percent market share, ahead of ASUS's 4.6 percent share but still far behind market leaders Apple and Samsung.
Overall shipments rose 11 percent compared to a year ago but were actually down 1.5 percent compared to the previous quarter as the skyrocketing growth of the tablet market has tapered off. Last year tablet shipments rose 50.6 percent.
Apple led the second quarter with a 26.9 percent market share, followed by Samsung with a 17.2 percent share.
"Until recently, Apple, and to a lesser extent Samsung, have been sitting at the top of the the market, minimally impacted by the progress from competitors," IDC research analyst Jitesh Ubrani said in a statement. "Now we are seeing growth amongst the smaller vendors and a leveling of shares across more vendors as the market enters a new phase."
Lenovo, which is the world's largest PC maker, is based in China but has a headquarters in Morrisville that employs about 2,200 workers. Lenovo's local presence is expected to double when it completes its pending $2.3 billion acquisition of IBM's low-end, x86 server business.
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