What They Say
Acer reported its financial result for August and highlighted the 15.9% month on month growth to $644 million, rather than the 7.9% decline year on year. The firm said that commercial business (excluding Chromebooks) and desktop PCs were up by 4.4% and 9%, respectively.
Businesses beyond the PC and display core businesses continue to grow as a share and contributed 24.7% of revenues.
What We Think
The result is not really a surprise. I was speaking to a monitor maker recently who was bemoaning that one of his key distributors was not buying enough because “my warehouse is stuffed full of Lenovo notebooks”. Inventory remains an issue for the business. (BR)
