Printed from http://www.electronista.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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Patriot Supersonic Rage XT 128GB USB drive

USB thumb drives are getting larger by the day, their growth speeding along with the availability and expansion of memory chips. But h ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Sponsor

toggle

Most Commented

 
toggle

Popular News