Clevo revenue drops in first half of 2017 but expected to rebound with new devices
Clevo, the Taiwanese OEM manufacturer of business and enthusiast gaming laptops often sold under brands such as Sager, Eurocom, and Schenker/XMG, has reported financial figures for the first half of 2017.
Company revenue was US$277.22 million with a net profit of US$10.96 million (3.95 percent) reflecting the extremely tight margins under which a niche OEM such as Clevo operates. The revenue for the notebook business was down by 7.7 percent compared to the same time in 2016, and some of this is attributed to increased competition in the gaming market as large consumer brands (such as Lenovo and Dell) improve the quality and value of their gaming offerings.
Clevo is hoping that a redesign of their Buynow malls in China and some new models focusing on the high-end business and ultrabook markets will improve revenue for the second half of 2017, which is of vital importance for a business with such thin margins.