Log in to your IBTimes Account

close
ID
Password
  • Set your IBTimes.com Edition

Acer sees revenue almost doubling in 3 yrs -chairman



By Phil Smith And Kelvin Soh
22 October 2009 @ 03:25 am ET

TAIPEI - Acer Inc, the world's No. 2 PC maker, expects revenue to grow about 70 percent to $30 billion in three years, helped by growth in the PC and handheld devices sector, the company's chairman said on Thursday.


Acer sees revenue almost doubling in 3 yrs -chairman
Journalist's wait before the news conference by Aymar de Lencquesaing, Acer Senior Corporate Vice President and head of the Smart Handheld business unit, at Batllo Gaudi's building during the Mobile World Congress in Barcelona February 16, 2009. (Reuters Photo / Gustau Nacarino)
1 of 1

Acer also expects shipments of its low-cost netbook PCs to rise over 50 percent in 2010 from this year, Chairman J.T. Wang said, helped by an improving global economy and as more users migrate to the smaller form for more mobility.

"The idea is to reach $30 billion as soon as possible," Wang told Reuters in an interview, in his first public comments since the company overtook Dell as the world's No. 2 PC maker.

"If the PC market starts to grow from next year and handhelds have the potential to become a $200 billion market, $30 billion is a humble target."

Acer is expected to reach T$573 billion ($17.6 billion) this year, according to a poll of 22 analysts polled by Thomson Reuters I/B/E/S.

Microsoft's launch of its Windows 7 operating system on Thursday is also expected to be a positive factor for sales, Wang said, as consumers look to upgrade computers running on the much-maligned Vista or the eight-year-old XP system.

"It's positive," Wang said. "Looking at Microsoft the past 10 years, they've made the operating system more complicated all the way. This time, they've made it simpler. It's a totally opposite direction of their design philosophy."

Wang also said the company would be able to maintain its gross profit margin of about 10 percent even as prices of components such as LCD panels and DRAM memory chips climb on rising demand.

(Editing by Jonathan Hopfner)

Copyright 2009 Thomson Reuters. All rights reserved.

    Click!
  • Rate this article:

Comments

Post Your Comment

*Name


advertisement
More Technology
German mobile operator O2 plans to end its roaming agreement with Deutsche Telekom unit T-mobile at year end, O2's German head told a German newspaper.
Apple's wireless carrier in China on Friday expressed its high expectations for the iPhone despite the relatively low sales since its debut, hoping the h...
Taiwan's largest chipmaker MediaTek Inc on Friday reached a broad patent agreement on third-generation (3G) chips with US rival Qualcomm without paying r...

advertisement
Advertisement
POS Magnetic Card Readers

Online distributor for point of sale equipment, TYSSO and Pegasus.

 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives