What They Say
Acer said that its revenues were down 10.6% from 2021 in May although up 15.4% on April to $743 million. For the year so far, sales were down 1.3% to $4.02 billion.
Business highlights included:
- Gaming business revenue in May grew 23.0% MoM
- Chromebook business revenue in May grew 174.5% MoM
Acer has been diversifying its business and said that PCs and Displays are now down to 78.7% of the firm’s revenues.
What We Think
As we have seen all week, supply chain limits are easing but weak demand will be a challenge. (BR)
