Feeds

Mighty Acer still weaving after 2011's knockdown punch

Bells still ringing for PC titan

  • alert
  • submit to reddit

High performance access to file storage

The once unstoppable sales juggernaut Acer still hasn't regained the momentum that carried it close to the top of the PC market, certainly if its Q3 prelims are anything to go by.

Revenues for the calendar third quarter slid 5.6 per cent to NT$104.4bn (£2.22bn), down 11.4 per cent on the same period a year ago.

The problem is that 12 months ago Acer was coming out of one of the darkest periods in its history, crippled by an ocean of ageing inventory and a widespread internal restructuring that began at the top of the business.

This is clearly not the rebound in turnover that the company had expected in the aftermath of a disastrous 2011.

The tablet iPad phenomenon that's grabbed consumer attention shows no sign of abating and no PC firm, except for maybe Samsung, has yet been able to effectively respond.

Punters holding out for Windows 8 machines seems to have been the reason blamed for shortfalls at Microsoft and in general PC market sales, so it is conceivable, even likely, that Acer was hit by this too.

For Q3 Acer turned a profit after tax of NT$68m (£1.45m) - talk about wafer thin margins - compared to a loss of NT$1.1bn (£22.9m) a year earlier.

According to a financial analyst speaking to Reuters, the lower-than-forecast profits (NT$756m was predicted) was due to a for-ex loss of NT$100m and a higher 34 per cent tax rate, up from around 20 per cent previously.

Acer will announce the full Q3 numbers later this week. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.