ACER INC S/GDR REG S - ACEYY STOCK NEWS

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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.

04/24/2024 02:16 AM

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Acer Among Top 5% Scoring Companies in S&P Global Corporate Sustainability Assessment

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Acer Inc. has been recognized among the top 5% of companies in the S&P Global Sustainability Yearbook 2024 for its sustainable practices. This marks the fourth consecutive year Acer has been listed in the yearbook, showcasing its commitment to corporate sustainability and social responsibility. Acer's achievements include maximum scores in the Social component and validation by the Science Based Targets initiative for its GHG emissions reduction goals.

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04/22/2024 09:00 AM

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Acer Commits to Collecting 50 Tons of Plastic Waste From the Environment Through Plastic Bank Partnership

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Acer has partnered with Plastic Bank to collect 50 tons of plastic waste in 2024, preventing 2.5 million plastic bottles from entering the ocean. The partnership supports under-developed communities by offering income opportunities and social benefits. Acer's ESG goals include using 20-30% Post-Consumer Recycled plastic in products by 2025 and achieving net-zero emissions by 2050.

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04/18/2024 09:00 AM

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Acer Expands Chromebook Plus Laptop Lineup with New 14-Inch Model Powered by Intel Core Processors

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Acer expands its Chromebook Plus laptop lineup with the new 14-inch model powered by Intel Core processors. The Acer Chromebook Plus 514 features an Intel Core i3-N305 processor, 14-inch Full HD display, up to 11 hours of battery life, and advanced video conferencing technology. The Chromebook offers enhanced performance, AI-powered photo editing, creative apps, and more storage options. It is designed to be compact, durable, and ideal for all-day productivity. The new line will be sold in configurations with up to 512 GB of storage. The Acer Chromebook Plus 514 supports Earthion mission with eco-friendly features and sustainable design. It is available with Chrome Education Upgrade for seamless device management in schools and Chrome Enterprise Upgrade for business capabilities. The Chromebook will be available in North America in May, starting at USD 399.99, and in EMEA in June, starting at EUR 479.

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04/10/2024 05:26 AM

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Acer Reports March Consolidated Revenues at NT$27.48 Billion, Marking Nine Months of Consecutive YoY Growth

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Acer Inc. reports robust growth in March 2024 with consolidated revenues reaching NT$27.48 billion, showing 70.5% monthly and 13.8% yearly growth. Q1 2024 sees a total revenue of NT$58.83 billion, marking a 12.1% YoY increase. The company's strategic expansion in various business segments, including notebooks, desktops, gaming, and Chromebooks, drives revenue growth. Acer's focus on diversifying revenue sources beyond computers and displays is evident as non-traditional businesses contribute significantly to total revenues. Subsidiaries like Altos Computing Inc., Acerpure Inc., and Acer ITS Inc. also exhibit strong revenue growth in Q1 2024.

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03/14/2024 04:57 AM

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Acer Reports FY2023 Net Income of NT$4.93 Billion and Announces NT$1.6 Cash Dividend Per Share

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Acer Inc. (TWSE: 2353) announced its financial results for Q4 2023 and fiscal 2023, reporting NT$63.15 billion in Q4 revenues, NT$6.91 billion in gross profits, and NT$1.02 billion in net income. For the full year, Acer achieved NT$241.31 billion in revenues, NT$25.82 billion in gross profits, and NT$4.93 billion in net income.

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03/07/2024 05:30 AM

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Acer Reports February Consolidated Revenues at NT$16.12 Billion, Achieving Eight Months of Consecutive YoY Growth

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Acer Inc. reports strong revenue growth in February 2024, with consolidated revenues reaching NT$16.12 billion and 9.8% YoY growth. The company achieved eight consecutive months of YoY growth, with year-to-February revenues at NT$31.35 billion and 10.7% YoY growth. Acer's notebook, gaming, and Chromebooks businesses showed impressive revenue growth. Additionally, businesses under incubation, such as Altos Computing Inc., Acerpure Inc., and Acer ITS Inc., reported significant revenue growth, showcasing Acer's diversified business strategy.

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02/07/2024 03:19 AM

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Acer Reports January Consolidated Revenues at NT$15.23 Billion, Up 11.7% Year-on-year (YoY), Achieves 7 Months of Consecutive YoY Growth

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Acer Inc. (TWSE: 2353) reported January 2024 consolidated revenues of NT$15.23 billion, marking an 11.7% year-on-year growth. The company achieved seven months of consecutive YoY growth, with notable increases in Chromebooks, desktop, and Altos Computing Inc. revenues. Acer's strategy to diversify its business engines also showed promising results, with non-computer and display businesses contributing 39.2% to the total revenues in January.

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01/08/2024 04:39 AM

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Acer Reports December Consolidated Revenues at NT$23.69 Billion, Showing YoY Growth for Six Consecutive Months

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Acer Inc. (TWSE: 2353) reported a 17.8% month-on-month and 3.5% year-on-year growth in consolidated revenues for December 2023, marking the sixth consecutive month of year-on-year growth. Preliminary consolidated revenues for Q4 2023 totaled NT$63.15 billion with a 5.5% year-on-year growth and reached NT$241.32 billion for 2023. The computer-related business saw significant growth in Q4 2023, with notebook business revenues growing by 10.8% year-on-year, desktop business revenues by 6.2% year-on-year, and chromebook business revenues by 47.0% year-on-year. Businesses other than computers and displays contributed around 27% in December, Q4, and the whole year in 2023. Acer's subsidiaries also reported strong growth, with Altos Computing Inc. revenues growing by 41.1% year-on-year, Acer ITS Inc. revenues by 386.1% year-on-year, Acerpure Inc. revenues by 24.4% year-on-year, and Acer Mobile Power System Inc. revenues by 99.7% year-on-year. Acer's strategy to expand multiple business engines continued to gain momentum, with total revenues from businesses other than computers and displays growing by 11.8% year-on-year in 2023.

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01/04/2024 03:10 AM

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Acer Listed on Dow Jones Sustainability Indices, Scores Full Marks Across Various Components

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Acer Inc. (TWSE: 2353) has been listed on the Dow Jones Sustainability Indices (DJSI) Emerging Markets Index for the 10th consecutive year, scoring in the 100th percentile and garnering top rankings in various components. The company is accelerating efforts toward sustainability, joining the RE100 initiative and pledging to achieve net zero emissions by 2050. Acer's sustainability efforts have expanded beyond computers and display products to lifestyle products, such as e-mobility and energy storage solutions.

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12/11/2023 05:08 AM

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Acer Reports November Consolidated Revenues at NT$ 20.11 Billion, Showing YoY Growth for Five Consecutive Months

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Acer Inc. (TWSE: 2353) reported November consolidated revenues of NT$ 20.11 billion, showing 3.9% growth month-on-month and 6.4% growth year-on-year (YoY). Year-to-November revenues reached NT$ 217.63 billion. Business highlights include: Notebook business revenues grew 6.6% YoY, desktop business revenues grew 42.6% YoY, and commercial business revenues grew 29.8% YoY. Acer's strategy to create multiple business engines has continued its momentum, with significant growth in Altos Computing, Acerpure Inc., and Acer Mobile Power System Inc. Additionally, Acer announced its further commitment to ESG in Dubai during COP28, launching carbon-neutral products and a full line of power storage solutions.

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FAQ

What is the market cap of ACER S/GDR REG S (ACEYY)?

The market cap of ACER S/GDR REG S (ACEYY) is approximately 3.3B.

What products does Acer Inc. offer?

Acer Inc. offers a wide range of products, including PCs, displays, projectors, servers, tablets, smartphones, and AI-powered devices.

How many employees does Acer Inc. have?

Acer Inc. employs over 7,400 people worldwide.

What was Acer's revenue in 2013?

In 2013, Acer reported revenues of USD 12.03 billion.

What is Acer's ranking in the global PC market?

Acer ranks as the fourth-largest PC vendor globally, according to IDC 2013 data.

What are some of Acer's recent achievements?

Recent achievements include significant year-on-year revenue growth, new AI-powered product launches, and strong performance in the notebook and Chromebook segments.

What is Acer's strategy for sustainability?

Acer has established a green supply chain and designs environmentally friendly products to reduce its environmental impact.

Who are Acer's target customers?

Acer's target customers include individuals, small offices/home offices (SOHO), small and medium-sized businesses (SMB), large enterprises, public sectors, and educational institutions.

What are some of Acer's notable product launches?

Notable launches include the Acer Chromebook Plus Spin 714 and Acer Chromebook Plus 516 GE, both featuring advanced AI capabilities for improved performance and user experience.