What They Say
Acer announced its quarterly result for the year to September which showed that the firm is down 32.6% from YTD 2021 at $6.78 billion. Q3 was down to $2.01 billion and net income was down 37.8% from last year at $59 million.
In October, revenues in 20922 were down by 35.6% YoY and 33.5% MoM at $567 million.
What We Think
After a positive trend during 2021, the 2022 shows a clear downward trend. I’m intrigued that the revenue chart shows that you should be able to get a deal out of Acer in the last month of the quarter!! The things that really helped Acer last year – Chromebooks, WFH, gaming are all under some pressure this year. (BR)
Data – Company reports – Image:Meko
