Acer Inc, the world's fourth-largest computer vendor, yesterday posted nearly 30 percent growth for third quarter net income on robust demand.
Net income leapt to NT$2.92 billion (US$89.84 million), or NT$1.24 per share, during the July-September period, from NT$1.85 billion, or NT$0.78 a share. Revenues increased around 29 percent to NT$121.93 billion from NT$94.73 billion during the same period.
That brought the earnings to NT$10.56 billion in the first nine months of the year, up 18 percent from the same period last year.
Acer is scheduled to give its outlook for the fourth quarter and comment about its purchase of Gateway Inc during an investor's conference today.
Acer shares rose 3.43 percent to NT$72.4 yesterday after analysts at Citigroup, CLSA and Goldman Sachs raised their outlook on Acer or reinitiated the stock as they expected the purchase of the US PC brand would help further boost Acer's market share and cost efficiency.
Acer's shipments jumped nearly 60 percent to 5.44 million units in the quarter ended Sept. 30, compared to 3.42 million units a year earlier, the International Data Corp's (IDC) tallies showed.
That helped expand Acer's global market share to 8.1 percent from 5.9 percent, catching up the world's No.3 computer maker Lenovo Group (聯想), according to the IDC. Lenovo's market share rose to 8.2 percent last quarter.
Just a few years ago, the millennial generation — generally defined as those born from the early 1980s through the mid-1990s — was synonymous with youthful rebellion. However, now, as the millennials ease into early middle age, they are finding their path out of their parents’ basement to be a lot harder than it was for earlier generations. The fundamental problem is that millennials are not building wealth. The wealth of the median US household headed by someone 35 or younger has actually shrunk in inflation-adjusted terms since the mid-2000s, even as the wealth of older Americans has continued to grow. An
Apple Inc’s decision to stop using Intel Corp processors in its Mac computers and switching to its own chips might benefit Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and boost Taiwan’s high-tech exports, Australia and New Zealand Banking Group (ANZ) said in a note on Tuesday. The US tech giant announced the “Apple silicon” initiative at its annual Worldwide Developers’ Conference, which started on Monday. The company said the first Mac powered by its own chips would debut by the end of this year and all product lines might shift to the new architecture in the next two years. TSMC is likely to
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price