Acer Cuts Their 2011 Tablet Shipping By About 60%
Acer Incorporated (TPE:2353) has cut their 2011 shipment target for tablets by about 60%. They are also expected to lower notebook shipments. Acer missed their last 3 quarterly forecasts and recently they saw their former CEO Gianfranco Lanci step down in March.
“The third quarter will be considerably more stable. It will be similar to the second quarter or better,” stated Acer Chairman J.T. Wang at a shareholder meeting. “The fourth quarter will be even better.”
The expected target for tablet shipments this year is expected to be between 2.5 to 3 million units. Earlier this year the expected shipments for the year was at around 5-7 million units. Acer said that they are expecting to sell 800,000 tablets in the second and third quarters. Last month Acer reported a 29.2% drop in total sales.
[Reuters]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry