Acer suffers 17 percent revenue tumble in 1Q16
Acer has posted revenue of NT$56.3 billion for the first quarter of the 2016 financial year, a 17.1 percent tumble from NT$67.9 billion recorded during the corresponding period last year.
The PC heavyweight also reported profit after tax slumped 73.4 percent year on year from NT$173 million to NT$46 million, and reduced operating expenses to NT$5.9 billion.
The company's IT product revenue, which came in at NT$53.3 billion, down year on year from NT$68.9 billion, was affected by a reduction in revenue contribution from America, but this was offset by the increase in IT product revenue from Asia Pacific and EMEA.
Specifically, PCs still made up a majority of total IT hardware revenue, followed by desktop PC at 18 percent, and then displays at 15 percent. Meanwhile, tablet and smartphones still only made up a small fraction.
The company also indicated it was still recovering from the operating income loss of NT$704 million reported in 3Q15. This quarter operating income came in at NT$866 million.
During CES earlier this year, the company released a slew of PC products, including a desktop and laptop, as it continued to deepen its commitment to Google Chrome's operating system.