Acer says fourth quarter revenue to fall

Acer said its fourth quarter revenue will fall, after previously being very bullish about the quarter.

Acer, the world's third largest PC vendor, said its revenue will drop in the fourth quarter, after previously forecasting a strong holiday season.

The company now expects fourth quarter revenue to drop 5 percent to 10 percent compared to the same time a year ago, while its operating margin meets or slightly exceeds the third quarter of 2008, it said in a statement.

But Acer also said that demand for its products remained "healthy and stable," an indication the company had to drastically reduce prices to maintain shipments amid the global economic downturn.

The fourth quarter, which runs from October through the end of December and includes the Western holiday season, is the strongest selling time of the year for many companies.

Just a few months ago, Acer executives had predicted a stellar fourth quarter, including 20 percent to 25 percent quarter-on-quarter growth in shipments of netbooks and laptop PCs. At the time, executives said they had not seen a slowdown in business aside from some emerging markets such as Brazil and Russia.

The reduction in Acer's view of the fourth quarter comes just after similar downgrades by rivals Lenovo and Asustek Computer, as well as chip giant Intel, which supplies the PC industry with microprocessors and other components.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dan Nystedt

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?