Acer Gaming Inc (宏碁遊戲), a gaming console and PC game title distributing arm of Acer Inc (宏碁), on Wednesday said it expected its gaming business to continue growing next year, as several blockbuster titles are slated for release.
Acer Gaming made the remarks on the sidelines of an extraordinary shareholders’ meeting. Acer owns about 70 percent of Acer Gaming.
Having obtained its shareholders’ approval, the company said it has submitted a plan to list on the Taiwan Innovation Board.
Photo: CNA
The gaming industry outlook for next year appears upbeat, with several blockbuster titles expected to launch and particularly strong momentum in Asia, company president James Hsu (徐挺洋) told reporters.
The momentum should drive the company’s business growth next year, extending from its growth this year, Hsu said.
The company has also received strong feedback from several home video game console markets after launching Ghost of Yotei, published by Sony Interactive Entertainment LLC, earlier this month, he said.
It has secured agency rights for several games, mainly from Sony Interactive Entertainment’s series, in Taiwan, the Philippines, Hong Kong and Singapore, while its 59.59 percent-held subsidiary Winking Studios Ltd handles the outsourcing segment, it said.
Its business consists of two segments — distributing game titles for other companies and providing outsourced game art production services to international developers.
The outlook for the gaming PC market remains optimistic, but a shortage of key components — mainly PC processors — along with rising RAM prices could push up end-product prices, it said.
Acer Gaming reported NT$3.72 billion (US$121.23 million) in revenue in the first nine months of the year, up 28.6 percent from a year earlier, company data showed.
Net profit grew 2.05 percent to NT$25.63 million in the first half of this year, from NT$25.12 billion a year earlier. Earnings per share rose to NT$0.73 last quarter from NT$0.72 a year earlier.
Gross margin rose to 11.39 percent in the first half, from 10.13 percent a year earlier. Operating margin slid to 1.25 percent from 1.9 percent.
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