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August 24, 2011 02:00 pm EDT
It may be the second largest computer manufacturer in the world, but things are not looking good for Acer. The Taiwanese company lost 6.79 billion New Taiwan Dollars (TWD), about $234.1 million, in Q2, far more than the already sizable anticipated shortfall of 3.3 billion TWD (around $114.7 million). That's a dramatic drop off from the 1.19 billion TWD profit the company posted in Q1. Things are expected to improve in Q3, but Acer still expects to operating in the red until at least Q4. Some of the problems can be blamed on recent restructuring that has the vendor increasingly focused on mobile devices and less on netbooks, which were successful for the company but have quickly declined in popularity. The extremely brief PR can be found after the break.
Reuters ||Comments
Original Link: http://www.engadget.com/2011/08/24/acer-loses-234-million-in-worse-than-expected-q2/
Acer loses $234 million in worse-than-expected Q2
It may be the second largest computer manufacturer in the world, but things are not looking good for Acer. The Taiwanese company lost 6.79 billion New Taiwan Dollars (TWD), about $234.1 million, in Q2, far more than the already sizable anticipated shortfall of 3.3 billion TWD (around $114.7 million). That's a dramatic drop off from the 1.19 billion TWD profit the company posted in Q1. Things are expected to improve in Q3, but Acer still expects to operating in the red until at least Q4. Some of the problems can be blamed on recent restructuring that has the vendor increasingly focused on mobile devices and less on netbooks, which were successful for the company but have quickly declined in popularity. The extremely brief PR can be found after the break.Continue reading Acer loses $234 million in worse-than-expected Q2
Acer loses $234 million in worse-than-expected Q2 originally appeared on Engadget on Wed, 24 Aug 2011 10:00:00 EDT. Please see our terms for use of feeds.
Permalink |Reuters ||CommentsOriginal Link: http://www.engadget.com/2011/08/24/acer-loses-234-million-in-worse-than-expected-q2/
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