Asus sees 43 percent profit jump on strong hardware sales
10/30, 3:08pm
Nexus 7, convertible sales strong
Asus released its earnings figures for the third quarter today, surprising investors by posting its largest quarterly profit in more than four years. Buoyed in part by solid sales of the Nexus 7 tablet it built with Google and continuing growth in its PC and convertible tablet sales, Asus saw its profits rise 43 percent year-over-year to $229.1 million. The Taiwanese electronics manufacturer forecast continuing growth for the next quarter, raising its estimates of shipments for both tablets and PCs.
