The Digital Source For China's Tech Innovation Since 2000

Search
Close

Acer Reported USD40,000 Profit In Q1 With Cost Reduction

May 13, 2014
Computing | Gadgets & Electronics | Telecom & Wireless

Taiwanese PC maker Acer Group published its performance results for the first quarter of 2014, stating that due to large cost reduction, the company achieved profit during the reporting period.

Acer said that in the first quarter of 2014, the company gained net profit of NTD1 million, which was about USD40,000. Prior to this, analysts predicted that the company would suffer net losses of NTD1.17 billion, or about USD39 million.

The company said in a statement that with effective inventory and cost control, its operating profit saw a recovery following three consecutive quarterly losses. Meanwhile, Acer reported operating revenue of NTD76.72 billion, which was about USD2.55 billion, in the first quarter of 2014, representing a year-on-year decrease of 16.6% and a decrease of 11.4% over the previous quarter. The financial report also showed that during the latest quarter, Acer's nearly 80% operating revenue was from the PC business, while its tablet business contributed only 4% of the total revenue.

Statistics provided by the market research firm Gartner showed that in the first quarter of 2014, Acer's share of the global PC market decrease from 8.4% in the same period of last year to 7.3%. Meanwhile, its four major competitors Lenovo, HP, Dell and Asus all saw market share increase.

Tags: Acer | inventory | mobile | PC | statistics | Taiwan | Wireless

Other Related News:

HONOR X9 5G Recognized as The Consumer’s Most Preferred Smartphone in China

April 1, 2022

New Chinese Wireless Content Unit For TechFaith

January 15, 2008

Hong Kong's Fixed-Mobile Interconnection Charges Now De-regulated

April 27, 2009

Taiwan: Censorship and surveillance allegations against Xiaomi Market Research Telecast

January 10, 2022

Democracy Studio Practical guide to artificial intelligence on citizen engagement. Case studies in Taiwan, Israel, and Estonia

August 6, 2021

China Mobile Helps HNA Group With Aviation Information Technology

September 3, 2009

1 Million CDMA Handsets For China Unicom

October 28, 2003

China champions unions at internet firms to help protect workers, ensure sustainable growth

September 3, 2021

Strategic Alliance Established Among Computing Firms

July 4, 2006
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....