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Acer Inc. (Symbol: ACEYY) is a leading global information and communication technology (ICT) company, renowned for its innovative and environmentally friendly products. Established in 1976, Acer has committed itself to the research, design, marketing, sale, and support of a wide range of products that enhance people's lives. The company’s product portfolio includes PCs, displays, projectors, servers, tablets, and smartphones. Acer's dedication to creating a more sustainable future is evident through its green supply chain and eco-friendly product designs.
Employing over 7,400 individuals, Acer ranks as the fourth-largest PC vendor globally, according to IDC 2013 data. In 2013, the company reported impressive revenues of USD 12.03 billion. Acer's success is largely attributed to its channel business model, which allows the company to maintain strong relationships with its vendors and customers.
In recent years, Acer has focused on expanding its business through multiple engines, resulting in remarkable growth. For instance, April 2024 revenues reached NT$17.85 billion, marking a 29.1% year-on-year increase. Acer has experienced 10 consecutive months of year-on-year growth, with notable increases in its notebook, desktop, and Chromebook segments.
Acer’s commercial division caters to businesses of all sizes and sectors, delivering a comprehensive range of hardware and software solutions. The company’s commitment to innovation is reflected in its latest product launches, including the Acer Chromebook Plus Spin 714 and Acer Chromebook Plus 516 GE, both featuring advanced AI capabilities for enhanced performance and user experience.
Acer continues to push the boundaries of technology with its AI-powered devices, including new AI servers and solutions showcased at the recent Computex tradeshow. The company's subsidiaries, like Altos Computing Inc. and Acer ITS Inc., are also contributing significantly to its growth through their specialized AI products and services.
Acer’s commitment to sustainability, innovation, and delivering value to its customers positions it as a significant player in the ICT industry, continually striving to enhance people’s lives through technology.
Acer has unveiled its first handheld gaming PC, the Nitro Blaze 7, featuring advanced technology for portable gaming. Key features include:
- AMD Ryzen™ 8040 Series processors with up to 39 total AI TOPS
- 7-inch Full HD IPS touch display with 144 Hz refresh rate
- AMD Radeon™ 780M Graphics with FreeSync™ Premium technology
- Up to 2 TB storage and 16 GB LPDDR5x memory
- New Acer Game Space app for integrated gaming platforms
- Windows 11 operating system
- Wi-Fi 6E support for fast connectivity
The compact device aims to provide high-performance gaming on-the-go, combining powerful hardware with a portable design.
Acer has expanded its Copilot+ PC lineup with the new Swift Go 14 AI and Swift 14 AI laptops, offering enhanced performance and productivity with impressive battery life. The Swift Go 14 AI features the latest Snapdragon® X Plus 8-core processor, while the Swift 14 AI is powered by the new AMD Ryzen™ AI 300 Series processors.
Key features include:
- Up to 45 TOPS of AI performance (Swift Go 14 AI)
- Up to 50 NPU TOPS of AI processing power (Swift 14 AI)
- Up to 28 hours of video playback
- 14.5-inch WQXGA display with 120 Hz refresh rate
- Wi-Fi 7 support
- Dedicated Copilot key
- Acer's suite of on-device AI solutions
The Swift Go 14 AI starts at $999.99, while the Swift 14 AI starts at $1,199.99, both available in September in North America.
Acer has launched new Swift 14 AI and Swift 16 AI Copilot+ PCs powered by Intel Core Ultra processors (Series 2). These laptops feature:
- Up to 48 TOPS AI performance with integrated NPU
- Up to 29 hours of video playback on Swift 14 AI
- Premium aluminum designs with up to 3K OLED displays
- Support for Acer-designed AI apps and future Copilot+ PC experiences
- Advanced security features including Intel Partner Security Engine and Microsoft Pluton
- Up to 32 GB LPDDR5X memory and 2 TB PCIe Gen 4 NVMe SSD
- Wi-Fi 7 and Thunderbolt 4 connectivity
The Swift 14 AI starts at $1,199.99 in North America (September), while the Swift 16 AI starts at $1,199.99 (October).
Acer, Cathay Cargo, and Dimerco Express Group are collaborating to reduce carbon emissions in aviation through the use of sustainable aviation fuel (SAF). Starting in 2024, Acer and Dimerco will support SAF use on Cathay Cargo flights as part of Acer's net-zero strategy. SAF, made from plant or animal materials, can reduce aviation's greenhouse gas emissions by up to 80%. This initiative is part of Cathay Pacific's Corporate SAF Programme, one of the first of its kind in Asia.
The collaboration aligns with Acer's Earthion sustainability platform and its commitment to achieve net-zero emissions by 2050. Acer is also investing in smart solutions for carbon reduction, energy savings, and productivity improvements, including e-mobility and energy storage solutions. The company began using biofuel solutions for sea logistics in Q4 2022 and is accelerating its actions towards net-zero carbon emissions.
Acer Inc. (TWSE: 2353) reported strong financial performance for July 2024, with consolidated revenues reaching NT$23.45 billion, marking a 32.3% year-on-year growth. This achievement extends Acer's streak of consecutive YoY growth to 13 months. Year-to-July revenues totaled NT$149.45 billion, up 16.4% YoY. The company's core PC and display business saw significant growth, with revenues increasing 37.6% YoY in July and 18.8% YoY year-to-July.
Acer's diversification strategy continues to yield results, with businesses outside computers and displays contributing 27.0% of total revenues in July and 28.4% year-to-July. Notable performances from subsidiaries include Altos Computing Inc. (AI servers and workstations) with 30.1% YoY growth in July, Acerpure Inc. with 67.5% YoY growth, and Acer ITS Inc. with 42.6% YoY growth.
Acer Inc. (TWSE: 2353) reported strong financial results for Q2 2024, with consolidated revenues of NT$67.14 billion, up 15.2% year-on-year. The company's operating income surged to NT$1.47 billion, marking an impressive 87.9% increase quarter-on-quarter and 40.3% year-on-year, with a 2.2% margin. Net income reached NT$1.40 billion with earnings per share of NT$0.47.
For the first half of 2024, Acer's performance was equally robust. Consolidated revenues hit NT$125.97 billion, up 13.8% year-on-year, while gross profits grew by 15.1% to NT$13.37 billion with a 10.6% margin. Operating income for 1H 2024 increased by 75.1% year-on-year to NT$2.25 billion, and net income rose 36.6% to NT$2.61 billion, resulting in earnings per share of NT$0.87.
Notably, businesses outside of computers and displays contributed significantly, accounting for 28.1% of total revenues and 35.2% of operating income in Q2 2024.
Acer announced June consolidated revenues of NT$28.19 billion, marking a 33.4% month-on-month and 7.1% year-on-year (YoY) growth, achieving 12 consecutive months of YoY growth and the highest revenue in 24 months. Year-to-June revenues reached NT$126.00 billion, reflecting a 13.8% YoY growth. Their personal computers and displays business grew 16.9% in Q2 and 15.8% YoY year-to-June. Non-PC/display businesses contributed 27.6% of June's total revenues and 28.6% year-to-June. Public subsidiaries showed significant growth: Altos Computing Inc.'s revenues surged 163.0% YoY in Q2, Acerpure Inc. grew 32.8% YoY in Q2, and Acer ITS Inc. revenues increased by 8.8% YoY in Q2. Acer also acquired new office space in California, USA, and Taipei City, Taiwan.
Acer announced its consolidated revenues for May 2024 at NT$21.13 billion, showing an 18.4% month-on-month (MoM) growth and a 16.8% year-on-year (YoY) growth. This marks 11 consecutive months of YoY growth for the company. Cumulative revenues from January to May reached NT$97.81 billion, reflecting a 15.9% YoY rise. The personal computers (PC) segment exhibited a significant performance, with revenues increasing by 26.0% YoY in May and 22.6% YoY for the year to date. Non-PC segments contributed 26.5% and 29.0% of total revenues for May and the year-to-May, respectively. Notably, Altos Computing saw a remarkable 256.4% YoY revenue increase in May. Acer ITS and Acerpure also reported strong YoY revenue gains of 58.5% and 22.0%, respectively.
Acer announced that its Swift series laptops will feature the new AMD Ryzen AI 300 Series processors starting in Q3 2024. These processors, highlighted by their high CPU and GPU cores, ultra-efficient NPUs, and the new Zen 5 architecture, promise unprecedented speed and performance. The processors will offer up to 12 cores, 24 threads, and 50+ TOPS of AI processing capabilities. They also feature 36 MB cache and AMD Radeon 800M graphics. Acer’s COO, Jerry Kao, and AMD's Jack Huynh emphasized the partnership's aim to redefine expectations for AI-enabled PCs, catering to gaming, content creation, and everyday use. These laptops will receive a free Copilot+ PC experience update when available.
Acer announced three new gaming monitors in its Predator lineup: the Predator X27U F3, Predator X32 X3, and Predator X34 X5. These monitors feature OLED displays, high refresh rates, and advanced technologies for seamless gaming experiences. The X27U F3 offers a 26.5-inch WQHD display at 480 Hz, the X32 X3 comes with a 31.5-inch 4K UHD display at 240 Hz, and the X34 X5 boasts a 34-inch UWQHD curved display at 240 Hz. All models support AMD FreeSync Premium Pro and NVIDIA G-SYNC, ensuring smooth and tear-free visuals. Pricing starts at USD 1,099.99 for the X34 X5 and goes up to USD 1,199.99 for the X32 X3 and X27U F3, with availability starting in Q3 2024.
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