toggle

AAPL Stock: 121.3 ( -1.07 )

Printed from http://www.macnn.com

Acer posts $254M loss, blames ultrabooks and touchscreens

updated 11:23 am EST, Fri January 17, 2014

Executives to take 30 percent pay cut

Acer has posted a worse-than-expected loss of $254 million in the fourth quarter as the company continues to struggle in the consumer PC market. In a press release, the company blames resource-allocation "missteps" and poor sales of ultrabooks and touchscreen notebooks as contributing factors to the lackluster quarter.

"Although the products were leading in design they did not accurately fulfill market needs," the company adds.

Despite the ongoing troubles, CFO Eva Ho forecasts narrower losses in the next quarter, according to a Reuters report. The company late last year announced layoffs and an executive shakeup, placing founder Stan Shih back in temporary control following the resignation of CEO and chairman JT Wang. Taiwan Semiconductor Manufacturing Company senior vice-president Jason Chen was later chosen to serve as the new president and CEO.

The company has also attempted to diversify its product offerings, launching several Chromebooks and and Android-powered all-in-one, however tablets and non-Windows platforms have yet to fully compensate for declining PC shipments.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

HP 14-x030nr 14-inch Chromebook

If you're like us, chances are you've come to realize that you need the ability to access the Internet on the go. Also, you've prob ...

15-inch MacBook Pro with Force Touch

Apple's 15-inch Retina MacBook Pro continues to be a popular notebook with professional users and prosumers looking for the ultimate ...

Typo keyboard for iPad

Following numerous legal shenanigans between Typo -- a company founded in part by Ryan Seacrest -- and the clear object of his physica ...

toggle

Most Commented