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Huge figure includes late write-down of raw materials, executives taking salary cuts

The tough times at Acer continue, with todays announcement of preliminary figures for the Q4 2013 period. Top line numbers include a $274.39 million operating loss, which includes $44 million in raw materials being written-off. As if this isn't enough of an indicator of the tough times the Taiwanese manufacturer is facing, its senior executives are all taking a 30% salary cut in order to "share responsibility."

The full year figures also make for pretty grim reading, too. The total after-tax loss is approaching $700 million for 2013, and is accompanied by an interesting quote:  

Acer acknowledges missteps in the past on resource allocation, and the over expectation of ultrabooks and notebooks with touch panel. Although the products were leading in design they did not accurately fulfill market needs.

A sign of the ever changing landscape of personal, and mobile computing. Acer does currently offer a relatively healthy line of Android smartphones and tablets, without any of them standing out. Speeding up the "corporate transformation" is one thing, but whether it actually works only time will tell. 

Source: Acer

 
There are 32 comments

BldyIdt says:

But... But... their phones have Micro SD slots and near stock UI... /s

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Highest failure rate of power adapters of the big name brands, and overheating issues on all their high end models. As a former Acer user, I feel no sympathy.

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abumuad says:

Couldn't have said it better myself.

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kjrod98 says:

This. I have never encountered an Acer device that was good and didn't have overheating problems, system apps not bring able to update, etc etc.

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tdi1985 says:

Yes!!! My last laptop was an Acer and it was pretty terrible. Granted I went lower-end model, I think I paid $400 at a Circuit City. After about 1 year, it was a roll of the dice on whether it would boot up or not, and it would crash randomly. The power port was not working and the mother board was fried. It maybe lasted in good condition for another year. Over the course of the final year I had it, it started falling apart. The lid cracked at the hinges and couldn't be closed. The charging port was shoddy again, and the adapter itself started oddly overheating - to the point where the rubber on the cord would melt onto my couch. I've been surviving with a tablet for the last two years. Will never own an Acer again.

tirtawn says:

Well, I have different experience:
1. I have one acer notebook (cheap one) and bought it in 2009 and until now its still working.
2. I have one acer netbook (cheap one) and bought it in 2010 and until now its still working as well.

So yeah, I am happy with the acer but I am not interested to "upgrade" hence if a happy customer is not interested to upgrade, how Acer can make money ?

npco543 says:

Amazing how execs never see the utter coincidence of companies letting their quality fall off a cliff and their sales following. Cut a corner here, farm out tec support there, huh, I wonder why we're not selling as many products.

Same thing happened to Dell. I once had to argue with support for 2 hours to get a clearly faulty notebook DVD drive replaced. It's too easy and there are too many other companies to do business with.

thatguy97 says:

+1 an oh so much more ++++

Sent from my Nexus 7 2013 or iPhone 5

dchawk81 says:

Yeah the only thing my Acer laptop has going for it is that it was super cheap for the specs. Everything is YGWYPF.

It makes a pretty decent shipping station though. Ended up getting a Vizio for real chugging and it's been really good.

I think the only thing they really have going for the at the moment is their Chromebooks. But that alone isn't gonna save a company.

Posted via a device much better than yours.

Agreed. I love my Chromebook. Best $100 bucks I've ever spent on a Groupon. But their regular computing devices are crap.

Steddy1 says:

I do think their Chromebooks are good. I own an Acer 17 inch laptop not a cheapo but not a top tier either, and so far it has been okay. I hope they can get their act together because I think some of their products are good, perhaps they need to pare down the number of models they carry.

return_0 says:

And their Windows laptops... they really are amazing values and I have had no problems with mine.

Posted from my pure Google Nexus 4 using the AC app.

S0ckM0nk3y says:

I feel ACER hit a homerun with the Aspire M5 laptop I just purchased. Not going to list the specs but I have had no problems with it. I'd recommend this product and other ACER products because of the quality of this PC.

flex360 says:

Yeah sure
How much is Acer paying you?

NoNexus says:

Because he got something he liked?

STOP LIKING WHAT I DON"T LIKE!!

return_0 says:

Oh my, Samsung is still paying people to bad-mouth others' products?

Posted from my pure Google Nexus 4 using the AC app.

tigerchilly says:

Haha

“I care not what puppet is placed on the throne of England to rule the Empire, …The man that controls Britain’s money supply controls the British Empire.

nasellok says:

Acer builds some real POS hardware. Their newer stuff is ok, but not exactly top of the line. Their Android Tablets suck, their windows tablets are even worse, and their laptops were horrible. Its no wonder they cant sell anything.

return_0 says:

Intel i7 isn't top-of-the-line?

Posted from my pure Google Nexus 4 using the AC app.

dchawk81 says:

The bullet points are good but there's more to a computer than its processor.

Like, how it's actually built. How good the cooling system operates. Battery life. Whether the adapter is durable enough to travel. Screen quality. Hinge quality. Keyboard. Touchpad.

The list goes on...

rogerc3 says:

I have an older - 2009- Aspire 15" and use it everyday. Great laptop and have had no problems with it. I would like to upgrade, but do not want Windows 8 or an Apple product, so will use this one as long as possible. So many choices today mean lots of research and reading about durability of options.

dchawk81 says:

Windows 8.1 specifically isn't bad actually. They brought the familiar menu back...for the most part...and it's fine.

8.0 sucked without Shell.

Largg says:

I have an Acer desktop and laptop. They are both are 'on sale this weekend at Fry's/Walmart/Best Buy' class units. I haven't had the problems some of you had (knocking on wood) so for my experience I would recommend an Acer for someone who doesn't want to spend a lot and not interested in higher end gaming.

atg284 says:

I cant remember the last time I heard something good about Acer. Poor build quality on the majority of your products will bring this over time.

return_0 says:

Stuck in 2010?

Posted from my pure Google Nexus 4 using the AC app.

dchawk81 says:

Tech has plateaued. Upgrading every year, two, or even three is over for most people.

Largg says:

I kind of agree with this. My Acer desktop is funny fine. Only problems I have is this stupid McAfee popup trying to get me to spend money every ten minutes (haven't figured out to make it go away without deleting McAfee) and it can't handle modern high end games.

DaFonZisBack says:

I had 1 Acer labtop and it kicked ass. These guys are budget and I hope they make it out of this.

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DWR_31 says:

Acer = higher priced and lower spec's devices.

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Hisense Sero 7 Pro

kalo88 says:

The Acer aspire v5 flexes when picked up its made that cheaply...they need to up their game. My biggest gripe with companies though is outsourcing tech support...that's a big no no! Saying that I'd rather speak to India than the US as you guys are so overly desperate to sound happy and cheerful on the phone but they rarely provide useful help :/

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esbuenodun says:

Own a Acer 720 (1yr) and just ponied up for a 720p. They're amazing. Blow the other chrombooks out the water.

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