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Lenovo expects convertible PCs will rise past tablets

Lenovo expects convertible PCs will rise past tablets

Lenovo's CEO said interest in tablets is starting to fade

Lenovo's CEO,Yang Yuanqing, expects the market will gradually move away from entertainment-focused tablets in favor for convertible PCs, which he said can strike a balance between the functions of touch-based tablets and the productivity of a laptop.

"From our competitor's recent earnings announcement, you can find that the emotional attachment to tablets has gone down," Yuanqing said.

While he did not name the specific company, Yang appeared to be referring to Apple and how it sold 14 million iPads in the last quarter, a figure well below Wall Street's projections.

During the quarter, Apple also saw its tablet market share drop to 50.4 percent, according to research firm IDC. But Apple's iPad sales are expected to pick up with the release of the iPad Mini and the fourth-generation iPad, IDC added.

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