Acer, Compal Score Better-than-expected Revenues in Nov.
2011/12/19 | By Steve ChuangTaipei, Dec. 19, 2011 (CENS)--Mainly driven by increasing shipments of high-priced laptops, Acer Inc. and Compal Electronics Inc., two of Taiwan's major PC suppliers, both raked in better-than-expected revenues in November amid a persistently slack market for notebook PCs.
Benefiting from the launch of Aspire S series ultrabooks and Timeline X series high-priced laptops, along with constant efforts on reducing inventories held, Acer reported non-combined revenue of NT35.75 billion for November, slightly down 1.83% from a month earlier, a positive sign that the company's business performance has consistently been improving from drastic downturns seen since the second quarter.
In the past 11 months of 2011, the company's aggregate revenue amounted to NT$372.6 billion, down 23.52% from the same period of 2010.
Institutional investors indicated that increasing sales of high-profit PC models have effectively sustained the company to slow its business deterioration in the recent months. Hot sales of the company's Aspire S and Timeline X have been proven at the IT Month Show 2011 held from Dec. 3-11, 2-11, at Taipei World Trade Center Hall 1 and Hall 3., during which the two laptop models contributed around 40% to its overall notebook PC sales, helping to drive up the average selling price of the company's laptops sold at the venue to be some NT$4000 more than that seen at the 2010 edition.
With its overall PC shipment expected to decline 5-10% quarter-on-quarter in the fourth quarter mainly due to increasingly troubled shortages of hard drives caused by floods in Thailand, the company stressed that it will strive to turn profitable in the quarter by focusing production on high-profit products.
Thanks to influx of contract orders from Lenovo and Acer, Compal shipped around 3 million laptops and saw its combined revenue edge up 0.5% monthly to NT$59.78 billion in November, with the revenue growth mainly sustained by growing shipments of high-end laptops. But, affected by a sagging PC market, the company's aggregate revenue for the first 11 months of 2011 declined 22.3% year-on-year to only NT$639.51 billion.
Institutional investors projected the company's revenue to slide 5-10% in the fourth quarter, with shipments to drop deeper in the first quarter of 2012 due partly to hard-drive shortages and partly to seasonal factors. However, riding on launch of more ultrabook models, the company is likely to enjoy a significant shipment rebound in the second quarter of 2012.
| Revenues by Taiwan's Top 5 Electronic (PC) Suppliers in Nov., 2011 | |||
| Company | Revenue | M-on-M Growth Rate | Y-on-Y Growth Rate |
| Hon Hai Precision Industry Co., Ltd. | NT$307.1 B. | 3.94% | 32.54% |
| Compal Electronics Inc. | NT$59.78 B. | 0.50% | -14.79% |
| Acer Inc. | NT$35.75 B. | -1.83% | -12.18% |
| Asustek Computer Inc. | NT$29.88 B. | -4.52% | 17.98% |
| Quanta Computer Inc. | NT$96.86 B. | -9.70% | -3.41% |