May 21, 2024
Acer Reports First Ever Quarterly Loss, Says Tablet 'Fever' Receding

Acer Reports First Ever Quarterly Loss, Says Tablet 'Fever' Receding

Posted August 24, 2011 at 3:00pm by iClarified
Acer has reported its first ever quarterly loss and says it will be 'impossible' for the company to break even for the full-year, according to Reuters. The company lost T$6.79 bln much more than the consensus T$3.3 bln loss expected.

Chairman J.T. Wang told investors that Q2 was a "correction period" and that losses were worse than expected due to the clearing up of excessive inventory and severance payments for senior management resignations such as that of former CEO Gianfranco Lanci who left due to strategy disagreements.

The chairman said while he expects the "fever" for tablet PCs receding and notebooks regaining consumer interest, Acer will still see a loss in the third quarter, though it would be better than the second quarter.

"Today I have to say, trying to break even this year becomes impossible," Wang said, citing a worsening macro environment in Europe and the need for "more time and effort" for the restructuring.

HP is also having trouble with its PC business and has decided to focus on enterprise software, spin off its PC business, and stop selling tablets.

Read More

Acer Reports First Ever Quarterly Loss, Says Tablet 'Fever' Receding

Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
iClarified Icon
Would you like to be notified when we post a new Apple news article or tutorial?
Comments (2)
You must login or register to add a comment...
Nobo1 - August 24, 2011 at 3:41pm
He doesn't realise acer products are shit under powered plastic crap, and worse they don't update the android on the netbooks! So it's your own doing acer
Ranmat - August 24, 2011 at 6:11pm
Erm, acer make good computers. I got an early acer aspire one netbook (1gb ram, 1.6ghz atom, 120gb hard drive) for £160 GBP (that's really cheap for a computer, most at least £200). It works really well, has been very reliable. Although I agree that acers software choices aren't the best. When I got it it came with a stupid dumbed down version of Linux with outdated firefox.
Recent. Read the latest Apple News.
Tutorials. Help is here.
Where to Download macOS Monterey
Where to Download macOS Ventura
AppleTV Firmware Download Locations
Where To Download iPad Firmware Files From
Where To Download iPhone Firmware Files From
Deals. Save on Apple devices and accessories.