|Bid||16.65 x 0|
|Ask||16.70 x 0|
|Day's Range||16.60 - 16.75|
|52 Week Range||16.40 - 26.15|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||19.56|
|Earnings Date||Aug 8, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||0.77 (4.53%)|
|1y Target Est||20.71|
Preliminary consolidated revenues for the second quarter of 2019 reached NT$55.15 billion, up 0.9% quarter-on-quarter, and down 5.7% YoY. Revenues in Acer's gaming line saw 10.5% growth in the second quarter, and 22.3% growth in the first half of the year. Growth momentum has continued this month for AOPEN, Acer Cyber Security, and new initiatives such as the gadget business, and servers and workstations business.
(Bloomberg) -- HP Inc. and Dell Technologies Inc. plan to move as much as 30% of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants try to avoid escalating tariffs on U.S.-bound goods.Microsoft Corp., Amazon.com Inc., Sony Corp. and Nintendo Co. are also looking to move some of their game console and smart speaker manufacturing away from the country, the Nikkei Asian Review cited those sources as saying. Other companies including Lenovo Group Ltd., Acer Inc. and Asustek Computer Inc. are evaluating their options, the media outlet reported.Corporations foreign and domestic are seeking to pivot production away from China amid U.S. President Donald Trump’s efforts to use punitive tariffs to negotiate friendlier trade terms. While many are drawing up contingency plans, shifting select assembly operations or exploring alternative manufacturing venues, few have moved output in significant amounts and China’s status as the world’s production base for electronics is unlikely to diminish anytime soon. Alphabet Inc.’s Google has already shifted much of its production of U.S.-bound motherboards to Taiwan, averting a 25% tariff, Bloomberg News reported last month.“HP shares industry concerns that broad-based tariffs harm consumers by increasing the cost of electronics,” a spokesman said in a statement. “We are actively monitoring the situation and will continue to work with government officials to advocate for the best interests of customers, partners and consumers.” A Dell spokesman noted that it has a global supply chain and said the company continuously explores “alternative sourcing, production, and logistics strategies to best serve our customers.”A Lenovo representative said the Nikkei report was inaccurate, without elaborating. An Acer spokesman referred to CEO Jason Chen’s comment in May that his company planned to finalize a production plan for U.S.-bound products later this year and is open to all options. Representatives for Microsoft, Amazon, Sony, Nintendo weren’t immediately available for comment outside of normal business hours. Asustek spokesman Nick Wu declined to comment.U.S. companies, long accustomed to using China as the world’s workshop, are exploring alternatives as tensions run high and Beijing shows a willingness to clamp down on foreign firms within its own borders. It’s a shift that may herald a broader, long-term trend as Beijing and Washington continue to spar over everything from market access to trade.The Taiwanese contract manufacturers that make most of the world’s electronics, including Apple Inc.-partner Foxconn Technology Group, have since 2018 accelerated the shift at their clients’ behest. Foxconn said last month it has enough capacity to make all iPhones bound for the U.S. outside of China if necessary, although Apple has so far not asked for such a shift.The trade war threatens to disrupt a complex global supply chain involving many countries beyond just China and the U.S. Many components that go into devices aren’t made in the U.S., despite being designed there. A phone chip designed by Apple may come out of a factory in Taiwan, then be packaged (a process that prepares it for integration into a circuit) somewhere else, before being shipped to China for assembly into an iPhone.(Updates with companies’ responses in fourth paragraph.)\--With assistance from Nico Grant.To contact Bloomberg News staff for this story: Debby Wu in Taipei at firstname.lastname@example.org;Gao Yuan in Beijing at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Edwin Chan, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Earlier this year, Acer announced its ConceptD range of high-end notebooks designed to woo away folks who had gone sour on the MacBook Pro. The company touted the range's sharp looks and sharp specs paired with a commitment to color accuracy on the display. Now, with the advent of NVIDIA's new Quadro RTX graphics for laptops, Acer will now offer the RTX 5000 inside its ConceptD 7.
May 10 (Reuters) - Acer Inc: * SAYS APRIL SALES DOWN 14.0% Y/Y Source text in Chinese: http://bit.ly/2E0Bbip Further company coverage: (Reporting by Hong Kong newsroom)
Acer has increased the average selling price of its notebooks and desktops, and expanded its multiple growth engines to mitigate various market challenges. Looking to the future, the newly announced ConceptD portfolio designed for creators is expected to become one of the key businesses drivers to generate new growth momentum for Acer. ConceptD is Acer's new brand of high-end desktops, notebooks, and monitors for creators such as graphic designers, filmmakers, engineers, architects, developers and others.
Acer had a lot to share at its annual global press conference in New York today. In addition to a slew of gaming laptops and monitors , it showed off a new line of pro-grade computers. Called ConceptD, the new series is the result of a collaboration with IF Design agency and targets creators who want machines that look as good as the work they produce.
Preliminary consolidated revenues for the first quarter 2019 reached NT$54.68 billion, which was flattish YoY (down 0.22%), or down 14.11% quarter-on-quarter due to seasonality. The global CPU supply shortage continued to impact on core business operations throughout the first quarter, however, Acer's gaming line maintained its strong momentum with 37% growth in revenue YoY. Meanwhile, Acer's dual transformation with multiple growth engines has resulted in healthy operations for businesses including AOPEN, Acer Cyber Security, Altos Computing, and the gadget business, which have all achieved double-digit revenue growth YoY.
By Thorin Klosowski This post was done in partnership with Wirecutter. When readers choose to buy Wirecutter's independently chosen editorial picks, Wirecutter and Engadget may earn affiliate commission.
TAIPEI, Taiwan, March 20, 2019 /PRNewswire/ -- Acer Inc. (2353.TW) announced today the financial results for fiscal 2018 and the fourth quarter ended December 31, 2018. Net income reached NT$3.06 billion, up 8.7% YoY, and led to the distribution of NT$0.77 cash per share, with earnings per share (EPS) NT$1.01, the highest in eight years.
March 8 (Reuters) - Acer Inc: * SAYS FEB SALES DOWN 5.15 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
TAIPEI, Taiwan , March 8, 2019 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its consolidated revenues for February, 2019 at NT$14.47 billion , down 5.2 percent year-on-year (YoY) and down 13.1 ...
Focusing on gaming and eSports, Acer will be hosting the grand finals for the Asia Pacific Predator League 2019 esports tournament at Bangkok's National Stadium this weekend from February 15-17. Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries.
Feb 14 (Reuters) - Acer Inc: * SAYS JAN SALES DOWN 1.3 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
For the full year 2018, preliminary consolidated revenues were NT$242.57 billion with 2.2% growth from the previous year. Geographically, Russia and Southeast Asia were the highlights, both achieving double-digit growth.
Jan 9 (Reuters) - Acer Inc: * SAYS DEC SALES UP 4.1 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
Read the full ultrawide monitors guide here. After spending 10 hours researching monitors and then 25 hours testing five, we found that the Acer XR342CK bmijqphuzx (yes, that's the full model name) is the best ultrawide monitor. The 34-inch, 3440×1440-pixel display is as color accurate as we've seen in an ultrawide.
Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. © 2018 Acer Inc. All rights reserved.
TAIPEI, Taiwan , Nov. 7, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its financial results for Q3 2018: consolidated revenues were NT$65.33 billion , growing 7.8% year-on-year; gross profits ...
Nov 7 (Reuters) - Acer Inc: * SAYS Q3 NET PROFIT AFTER TAX AT T$912 MILLION ($29.78 million) * SAYS Q3 CONSOLIDATED REVENUE AT T$65.3 BILLION Source text for Eikon: Further company coverage: ($1 = 30.6260 ...
Acer's gaming line and Chromebook line were key contributors to the growth. The gaming line grew by 93% YoY year-to-September, and 74% YoY in Q3, while the Chromebook line grew by 30% YoY year-to-September, and 49% YoY in Q3.
Oct 8 (Reuters) - Acer Inc: * SAYS SEPT SALES UP 2.5 PERCENT Y/Y Source text in Chinese: https://bit.ly/29I3zX1 Further company coverage: (Reporting by Hong Kong newsroom)
TAIPEI, Taiwan, Oct. 3, 2018 /PRNewswire/ -- Acer Inc. (2353.TW) announced that it has been listed on two global sustainability indices in 2018: the Dow Jones Sustainability Indices (DJSI) Emerging Markets Index for the fifth straight year, and the FTSE4Good Emerging Index for the third consecutive year. The DJSI Emerging Markets Index ranked Acer in the top (100th) percentile for Customer Relationship Management, Innovation Management, and Policy Influence. It also marked Acer highly in the areas of Corporate Citizenship and Philanthropy, Labor Practice Indicators, Supply Chain Management, and Climate Strategy.
Key attributes include revenues from Acer's gaming line which grew by 110% YoY in August, and by 100% YoY year-to-August. Across all three regions Acer delivered solid results with the Pan America and Pan Asia Pacific regions achieving double-digit growth. In addition, Acer and its subsidiary Altos Computing have won nine deals for high-performance computing systems this year.