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Acer sees profit for Q1 plunge 72%

Apr. 26, 2012 (China Knowledge) - Taiwan-based Acer Inc, a leading PC vendor in the world, yesterday posted NT$331 million or US$11.2 million-net profit for the first quarter of this year, reflecting a year-on-year plunge of 72% from NT$1.18 billion.

The profit was also lower than the forecast of NT$910 million estimated by six analysts at Dow Jones Newswires.

The company attributed the profit decrease principally to strong demand on tablet PCs and other mobile gadgets, instead of the traditional PCs and laptops.

Acer said it expects to earn more profits from sales of ultrabooks, the super-thin laptops similar to Apple's MacBook Air, to revive the weak sales, adding that ultrabook sales in the second quarter would double from the first quarter, with its four models in the market.

Sales prices of ultrabooks will retail between US$799 and US$899 this year, down from US$1,000 late last year, said Acer's President Jim Wong last November.

Revenue for the first quarter of 2012 declined 11% year on year from NT$127.8 billion to NT$113 billion.

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