“Acer Inc slashed its full-year shipment target for tablets by almost 60 percent and expects lower notebook shipments as the world No.2 PC maker works to clear accumulated inventory,” Clare Jim reports for Reuters.
Chairman J.T. Wang told reporters after a shareholder meeting that “the new target for tablet shipments this year was 2.5-3 million units, much lower than the 5-7 million units target set at the beginning of the year,” Jim reports. “Acer said it expected to sell 800,000 tablets in each of the second and third quarters.”
“In April, the PC maker cut its forecast for shipments in the second quarter to a 10 percent decline from January-March, citing its recent reorganization, inventory adjustment and a seasonal slowdown in the PC industry,” Jim reports. “Last month, the company posted a 29.2 percent drop in total sales.”
Jim reports, “Acer said early this month that it would take a $150 million charge to write off inventory and doubtful payments in Europe and would cut 300 jobs there.”
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