Thursday, April 26, 2012

Acer's Q1 2012: World's fourth biggest PC maker made just $11.2 million in profit

Acer's Q1 2012: World's fourth biggest PC maker made just $11.2 million in profit

Acer's Q1 financial report reveals that the fourth biggest PC maker in the world is feeling weak after posting a very modest profit - three months after it declared a $212 million loss for 2011. Turnover for the first three months of this year was NT$113 billion ($3.8 billion) and profits after tax were NT$331 million ($11.2 million). In context, the company suffered an 11.4 percent decline in revenue quarter-on-quarter, but still made NT$118 billion ($40 million) in profit during Q1 2011, a spectacular collapse of 72 percent year-on-year.

Engadget, Acer's Q1 2012: World's fourth biggest PC maker made just $11.2 million in profit

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