Taiwan's Acer swings to loss in April-June quarter

Aug 07, 2013

Taiwan's leading personal computer maker Acer on Wednesday reported a net loss of $11.39 million in the April-June quarter mainly due to increasing expenses on investments and declining gross margins.

Acer's consolidated revenue was $2.97 billion, down 2.8 percent from the previous quarter and down 19.2 percent year-on-year, it said in a statement.

Acer said it suffered the net loss and an operating loss of $20.35 million in the quarter largely due to increasing expenses from investments on its industrial design capability and declining gross margins due to rising memory .

This compared with a net profit of $17.2 million in the three months to March thanks to a number of non-operating incomes including foreign exchange and stock disposal gains.

Acer, which has been struggling to branch into the tablet computer sector, has been forced to cut hundreds of jobs in recent years after suffering heavy losses due to weakening demand in Europe and the United States.

Explore further: Taiwan's Acer swings to profit in Q1

add to favorites email to friend print save as pdf

Related Stories

Taiwan's Acer swings to profit in Q1

May 07, 2013

Taiwan's leading personal computer maker Acer said Tuesday it swung to profit in the first quarter of 2013 thanks to income from foreign exchange and stock sales.

Taiwan's Acer swings to profits in fourth quarter

Feb 16, 2012

Taiwan's leading personal computer maker Acer said Thursday it swung back into the black in the three months to December after suffering losses in the previous two consecutive quarters.

Taiwan's Acer swings to loss in second quarter

Aug 24, 2011

Taiwan's leading computer vendor Acer Inc said Wednesday it suffered a loss of Tw$6.8 billion ($236 million) in the three months to June, swinging from a profit of $41.53 million in the previous quarter.

Taiwan's Acer sues ex-CEO over Lenovo job

Feb 08, 2012

Taiwan's leading personal computer maker Acer said Wednesday it has filed a lawsuit against former chief executive Gianfranco Lanci after he joined Chinese rival Lenovo.

Toshiba swings to profit as devices sell well

Jul 31, 2013

Japan's Toshiba on Wednesday reported $54 million in net profit for the April-June quarter, reversing a quarterly loss a year earlier, thanks to a weak yen and brisk sales of electronic devices.

Recommended for you

Bitcoin exchange MtGox to start liquidation process (Update)

5 hours ago

Failed Bitcoin exchange MtGox, whose spectacular collapse hammered the digital currency's reputation, is to be liquidated after a Japanese court on Thursday ordered the start of bankruptcy proceedings, said a lawyer appointed ...

SK Hynix posts Q1 surge in net profit

6 hours ago

South Korea's SK Hynix Inc said Thursday its first-quarter net profit surged nearly 350 percent from the previous year on a spike in sales of PC memory chips.

Zynga founder Pincus leaving operations role

17 hours ago

Online game maker Zynga says company founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO.

User comments : 0

More news stories

New breast cancer imaging method promising

The new PAMmography method for imaging breast cancer developed by the University of Twente's MIRA research institute and the Medisch Spectrum Twente hospital appears to be a promising new method that could ...

Research proves nanobubbles are superstable

The intense research interest in surface nanobubbles arises from their potential applications in microfluidics and the scientific challenge for controlling their fundamental physical properties. One of the ...

Using antineutrinos to monitor nuclear reactors

When monitoring nuclear reactors, the International Atomic Energy Agency has to rely on input given by the operators. In the future, antineutrino detectors may provide an additional option for monitoring. ...