Tencent Tech, 3/28/11
During the inaugural banquet for the 2011 China (Shenzhen) IT Leadership Summit, Lenovo (0992.HK) CEO Yang Yuanqing announced Lenovo plans to release a lighter and thinner second generation LePad tablet in September or October of this year.
Yang said that the new thinner LePad requires nine months' development time and is being developed by a separate team from the first LePad. Yang also revealed that Lenovo's 12-day pre-order sales of the LePad, which ended yesterday, received a positive response.
Yang believes that the LePad has two advantages over Apple's iPad in China: first in terms of brand, and second in terms of price, as the LePad is RMB 500 cheaper than the iPad.
Editor's Note: The LePad currently retails for RMB 3,499, lower than the original price for the lowest-priced iPad (RMB 3,888), but now more expensive following the discounting of the iPad to RMB 2,888 after the release of the iPad 2. For more background on this topic, please see "Lenovo Starts LePad Tablet Pre-Sales" MD 3/16/11 issue.