What They Say
One of the Covid winners, Acer Inc, said that it’s November revenues were up 40.6% in November and up 17.9% for the year to date.
Business highlights include YoY revenue growth for:
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Notebook PCs by 68.0% in November
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Monitors by 34.9% in November
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Gaming line by 52.4% in November, and by 31.8% year-to-November
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Chromebooks by 135.4% in November, and by 79.0% year-to-November
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Thin and light notebooks by 53.0% year-to-November
Acer said that it has been selected among the top three for Supplier of the Year Awards in 2020 in the IT category, by Euronics International, a European retail association in electrical goods.
What We Think
Acer has really been able to exploit the conditions this year, after several years of struggling to grow. The real test will be whether the firm can genuinely find new business opportunities after these special conditions go away. In the past, I haven’t always thought that its direction has really exploited its DNA, whether we are talking about TV, digital signage or services. (BR)
