Further proof, if you need it, that the consumer PC business is in the tank: Acer has posted its first loss in a decade.
The Taiwanese PC maker has also told analysts that a full-year profit will be “impossible.” Acer, which makes mid- to low-end consumer models, posted a net loss of $234 million in its second quarter vs. a $3.6 billion profit in Q2 2010. This was Acer’s first loss in a decade, but sales had been falling for the last four consecutive quarters. Second-quarter revenues fell 23% compared to the year-ago period.
Acer fell from number two (next to Hewlett-Packard) in Q2 2010 to number five, in terms of global units, for Q2 2011, according to researcher Canalys. Overall shipments rose 17.9% during that time, though much of that growth came from Apple’s iPad, which was included in the results. Apple went from number four to number two on that survey with a growth of 95.9% for the period. Nevertheless, Acer Chairman J.T. Wang downplayed the iPad’s effect on sales. “The fever for tablets is going down and the notebook is regaining the interest of the consumer,” he said. Acer introduced its own tablet, the Iconia Tab A500, in April.
The dismal state of the consumer PC industry, plus its inability to gain traction with its TouchPad tablet PC, prompted HP to announce last week that it planned to spin off its consumer PC unit.
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Posted on Wed, 24 Aug 2011 15:04:09 +0000 at http://feeds.mashable.com/~r/Mashable/~3/DkfZeMVsO0A/
Comments: http://mashable.com/2011/08/24/acer-first-loss-in-a-decade/#comments
The Taiwanese PC maker has also told analysts that a full-year profit will be “impossible.” Acer, which makes mid- to low-end consumer models, posted a net loss of $234 million in its second quarter vs. a $3.6 billion profit in Q2 2010. This was Acer’s first loss in a decade, but sales had been falling for the last four consecutive quarters. Second-quarter revenues fell 23% compared to the year-ago period.
Acer fell from number two (next to Hewlett-Packard) in Q2 2010 to number five, in terms of global units, for Q2 2011, according to researcher Canalys. Overall shipments rose 17.9% during that time, though much of that growth came from Apple’s iPad, which was included in the results. Apple went from number four to number two on that survey with a growth of 95.9% for the period. Nevertheless, Acer Chairman J.T. Wang downplayed the iPad’s effect on sales. “The fever for tablets is going down and the notebook is regaining the interest of the consumer,” he said. Acer introduced its own tablet, the Iconia Tab A500, in April.
The dismal state of the consumer PC industry, plus its inability to gain traction with its TouchPad tablet PC, prompted HP to announce last week that it planned to spin off its consumer PC unit.
More About: Acer, apple, Hewlett-Packard, ipadFor more Business & Marketing coverage:Follow Mashable Business & Marketing on TwitterBecome a Fan on FacebookSubscribe to the Business & Marketing channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Wed, 24 Aug 2011 15:04:09 +0000 at http://feeds.mashable.com/~r/Mashable/~3/DkfZeMVsO0A/
Comments: http://mashable.com/2011/08/24/acer-first-loss-in-a-decade/#comments
