Acer Reports October Consolidated Revenues of NT$28.01 Billion, Marking the Highest for October in Seven Years and Up 9.8% Year-on-year

Rhea-AI Summary

Acer Inc. reported October 2021 consolidated revenues of NT$28.01 billion, the highest in seven years, and a year-on-year increase of 9.8%. For the year-to-date, revenues reached NT$260.48 billion, up 18.4% YoY. Key business highlights include a 20.2% increase in gaming revenue, 54.5% growth in desktop PC sales, and 4.8% growth in notebook PCs. Non-PC related businesses contributed 17.1% to total revenues, with Altos Computing and MPS Energy achieving remarkable growth of 155.8% and 611.9% respectively.

Positive

• October 2021 consolidated revenues reached NT$28.01 billion, highest in 7 years.
• Revenue for gaming line grew by 20.2% YoY.
• Desktop PC revenue surged by 54.5% YoY.
• Revenue growth of 4.8% for notebook PCs and 4.7% for monitors.
• Non-PC related businesses accounted for 17.1% of total revenues.

Negative

• None.

TAIPEI, Nov. 8, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its consolidated revenues for October at NT$28.01 billion, marking the highest in seven years for the same period and up 9.8% year-on-year (YoY). Consolidated revenues for year-to-October reached NT$260.48 billion, up 18.4% YoY.

Business highlights for October include:

• YoY revenue for the gaming line^[1] grew by 20.2%
• YoY revenue for desktop PCs grew by 54.5%
• YoY revenue for notebook PCs grew by 4.8%
• YoY revenue for monitors grew by 4.7%

Acer's strategy to build multiple business engines continues to show good momentum, and the six listed subsidiary companies have all reported their October business results.

Other highlights for October include:

• YoY revenue for Highpoint Service Network grew by 48.5%
• YoY revenue for Altos Computing grew by 155.8%
• YoY revenue for MPS Energy grew by 611.9%

The non-PC related businesses have summed up to 17.1% share of the total Acer group revenues in October.

[1]   Acer's gaming related products and businesses

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,500 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2021 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

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SOURCE Acer

FAQ

What are Acer's October 2021 revenues?

Acer reported consolidated revenues of NT$28.01 billion for October 2021.

How did Acer's gaming revenue perform in October 2021?

Acer's gaming revenue grew by 20.2% year-on-year in October 2021.

What is the year-to-date revenue for Acer in 2021?

For the year-to-October 2021, Acer's revenues reached NT$260.48 billion.

Which Acer products saw the most revenue growth in October 2021?

Desktop PCs saw the most significant revenue growth at 54.5% year-on-year.

What percentage of Acer's revenues are from non-PC related businesses?

Non-PC related businesses made up 17.1% of Acer's total revenues in October 2021.