Acer's Q1 financial report reveals that the fourth biggest PC maker in the world is feeling weak after posting a very modest profit -- three months after it declared a $212 million loss for 2011. Turnover for the first three months of this year was NT$113 billion ($3.8 billion) and profits after tax were NT$331 million ($11.2 million). To put that in context, it made a $40 million profit in the same quarter last year -- so this is a spectacular collapse of 72 percent year-over-year

Reuters is suggesting that the problem is in part due to increased hardware costs caused by the Thailand floods, but the company isn't giving anything away. Instead its terse announcement just advised that the company grew its global PC market share by 0.8 percent to 10.9 percent, while in the EMEA region it grew 2.4 percent to 13.5 percent, adding that it is the only one of the "big five" that's seen any increase at all. You can read the scanty details for yourself, after the break.

[Image Credit: Wikimedia Commons]

Continue reading Acer's Q1 2012: World's fourth biggest PC maker made just $11.2 million in profit

Acer's Q1 2012: World's fourth biggest PC maker made just $11.2 million in profit originally appeared on Engadget on Thu, 26 Apr 2012 13:16:00 EDT. Please see our terms for use of feeds.