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TAIPEI, , Jan. 9, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its consolidated revenues for December at NT$21.03 billion, up 12% year-on-year (YoY) in terms of NT$, or by 19% measured in US$. For the fourth quarter, consolidated revenues reached NT$67.1 billion, with quarter-on-quarter (QoQ) growth of 11% in both NT$ and US$, and YoY growth of 9% YoY in NT$ or 15% measured in US$. For the full year 2017, Acer reported consolidated revenues of NT$237.33 billion, up 8% YoY measured in US$.
Wrapping up year 2017, Acer demonstrated strong business momentum in Q4, and this is attributable to several fast-growing product segments, which delivered YoY revenue increases in Q4: gaming products grew by 129%, Windows-based commercial notebooks grew by 45%, Chromebooks grew by 67%, and the Altos artificial intelligence business[1] grew by 48%.
Regionally, Acer also reported Q4 YoY revenue growths: Latin America grew by 25% to demonstrate its continuing momentum, the U.S. grew by 21% mainly due to year-end holiday promotions, China grew by 38% showing recovery, and India grew by 72% indicating market stabilization.
| [1] Altos business includes high-performance computing, AI-based language learning systems, and servers. |
About Acer
Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ 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.
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