Acer profits fall 64% for Q1 2011, lowest numbers since 2004
It’s no surprise that Acer has been under the weather in terms of sales and revenue this year, but the company’s recently released profit numbers are showing even worsening conditions for the Taiwan-based computer manufacturer.
Acer this Friday revealed its most recent quarterly net income, an income 64% less than its previous equivalent quarter. With only NT$1.2 billion ($41 million USD) in profit, it is one of the lowest figures the company has ever experienced. In fact, the last time Acer saw such low numbers was 6 years ago, according to the Bloomberg report.
The result of Acer’s dramatic decline in notebook and netbook sales has prompted the recent major reconstruction within the company. Major changes such as a newly appointed CEO, increasing tablet shipment volumes, and even a redesigned logo have all taken place within a relatively short time span. The report also explains why Acer is reportedly considering selling higher-end hardware instead of more affordable products as a method to increase profit margins.
Regardless, Acer will still hold an investor conference this April 28th in Taiwan. Whether or not the company will also detail future plans for a profit and revenue turnaround remains to be seen.