Acer swings into the red for the first time in its history, iPad to blame7
Acer’s net loss amounted to $234.3 million (NT$6.79 billion) in the second trimester of the year. This is more than double the loss estimate by analysts, which expected the company to only lose NT$3.3 billion. The loss comes after the company had to clear up inventory in Europe and pay severance to its high-ranking executives.
Acer’s chief executive Gianfranco Lanci resigned in March over a conflict with top management about the future of the company, which is now boosting its mobile division. The current management argues that all Acer needs is “more time and effort” to reorganize. The company is currently offering the Acer A100 and Acer A500 on the US market, both running Android.