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Lenovo records record profits; thinks Windows 8 will drive PC demand

Lenovo was one of the biggest supporters of the Windows 8 launch in October as it introduced a number of new touchscreen-based notebooks, tablets and convertibles. It continued that support earlier this month by announcing a bunch of upcoming Windows 8 products at CES 2013, including the impressive looking 27 inch IdeaCentre Horizon Table PC all-in-one, which will be able to be laid flat to serve as a really big tablet (kind of).

To support Lenovo's bet on Windows 8, it looks like the company has managed to sell a lot of PCs in the fourth quarter of 2012. The China-based company announced today that for the last three months of the year, it had revenues of $9.4 billion, up 12 percent from the same period a year ago. Net profits came in at $205 million, up 34 percent from the same period a year ago.

Lenovo said it shipped 14.1 million PCs during the fourth quarter, up 7.6 percent. This is in contrast to the overall PC market, which saw shipments go down for the same quarter. CNet.com reports that during the company's conference call with analysts, Lenovo's chairman and CEO Yang Yuanqing was upbeat that Windows 8 will help the company continue to grow in the new year, saying, "New technologies like Windows 8, ultrabooks, and convertibles will drive new demand. 2013 will be better than 2012."

It just goes to show that if you have a company that makes products that people want to buy and use, you can still be successful even though the market contracted during the same time period. It also shows that the launch of Windows 8 was perhaps not as slow as certain companies, such as Acer, would lead people to believe.

Source: Cnet.com | Image via Lenovo

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