Acer squeezes out a small profit in Q4 2011
Acer has been undergoing a lengthy transformation process of switching its focus to mobile devices. The company got rid of chief executive Gianfranco Lanci early last year, and now has posted its results for Q4 2011.
In the last quarter of last year, Acer swang back to profit after two quarters of losses. In the fourth trimester the company’s profit stood at $2.5 million, down from $132 million in the same period in 2010. The total revenue also declined to $4.3 billion, down by 14%.
For chairman JT Wang, the result was a manifestation of early signs of recovery. The company is said to have profitted from launching the Aspire S3, which is its first ultrabook, while difficulties were also blamed on the floods in Thailand and subsequent hard-drive shortages.
The company is soon to launch its first quad-core tablet, the Acer Iconia Tab A510 in Europe in March and we expect to hear more about its smartphones and slates at MWC.