Acer Q3 revenue climbs 47 per cent as it chases Lenovo

Acer said its revenue rose 47 percent for the third quarter as it narrowed the gap in global PC market share between itself and number three Lenovo of China.

Acer, the world's fourth-biggest PC vendor, said its revenue rose 47 per cent during the third quarter as it narrowed the gap in global PC market share between itself and China's Lenovo Group.

Acer's revenue for the three months ended September 30 rose to NT$82.5 billion (US$2.5 billion as of the end of the period reported), from NT$56.1 billion during the same quarter a year ago, the company said. Its net income climbed 37 per cent to NT$1.97 billion.

Notebook PC shipments led the way for Acer during the quarter, company president, Gianfranco Lanci, said.

The Taiwanese company's global share of the PC market grew during the quarter to 4.7 per cent, up from 3.6 per cent during the same time last year, and inching closer to Lenovo, the third largest PC retailer.

Lenovo's PC shipments in the third quarter rose 13 per cent compared to the same time last year, compared to 50 per cent for Acer, according to market researcher IDC.

Worldwide PC shipments during the July through September period increased by more than 17 per cent despite rising interest rates and high oil prices, IDC said earlier this month.

Acer executives expected a strong showing in the fourth quarter as well.

"I think this is still going to be a great quarter for PC industry growth, and I think especially for portable PCs," Lanci said.

Acer's fourth quarter notebook PC shipments would likely grow up to 80 per cent compared to the same time last year, he said. The company's revenue would also probably rise by as much as 20 per cent for the three months ending December 31, compared to the third quarter.

Acer should be able to continue to grow at a fast clip as it focuses on two markets, the US and China, where it hadn't done well in the past, company chairman, JT Wang, said.

It would also put more emphasis on desktop PCs going forward, he said, since its notebook PCs were already grabbing market attention.

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