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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.

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Acer has launched the SpatialLabs Eyes Stereo Camera, a compact 3D camera designed for capturing stereoscopic images. It features 8 MP per eye resolution, a built-in selfie mirror, and a weatherproof exterior. The camera supports auto and touch focus, Electronic Image Stabilization (EIS), and manual mode for advanced photographers. It allows real-time 3D streaming and high-resolution 3D video calls on platforms like Teams, Zoom, and Google Meet. The camera has won the 2024 RedDot and iF Design Awards. Developer tools are available on SpatialLabs Pro devices to enhance 3D content creation and presentation. The camera will be available in North America and EMEA in Q3, starting at USD 549 and EUR 549, respectively.

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Acer has announced a new line of AI-enhanced TravelMate business laptops, featuring the latest processors with built-in NPUs and enhanced security and management features. The models include the Intel Evo edition TravelMate P6 14, TravelMate P4 16 Series, and the convertible TravelMate P4 Spin 14, offering AI-powered capabilities, long battery life, and advanced security. The laptops support various Intel and AMD processors, up to 64GB DDR5 memory, and 1TB SSD storage. They are designed for durability and sustainability with MIL-810H certification and EPEAT registration. The new TravelMate laptops will be available in North America and EMEA starting in mid-2024, with prices ranging from USD 1,229 to USD 1,429 depending on the model and specifications.

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Acer has launched two new premium Chromebook Plus laptops: the Acer Chromebook Plus Spin 714 and Acer Chromebook Plus 516 GE. Both models feature Intel Core processors, enhanced memory, and storage, and leverage Google's generative AI capabilities within ChromeOS for greater productivity and creativity.

The Acer Chromebook Plus Spin 714 is a 2-in-1 convertible laptop designed for portability, with a 360-degree hinge, a vibrant 14-inch touchscreen, and a durable aluminum chassis. It offers up to Intel Core Ultra 7 processors, 16 GB of RAM, and 512 GB SSD storage, with a battery life of up to 10 hours.

The Acer Chromebook Plus 516 GE focuses on cloud gaming, equipped with a 120 Hz WQXGA display, Wi-Fi 6E, and NVIDIA GeForce NOW integration. It supports up to 2 TB SSD storage and 16 GB of RAM, also featuring advanced DTS audio and a 1080p webcam optimized for video calls.

Both laptops are available in North America starting in May, priced at $749.99 for the Spin 714 and $699.99 for the 516 GE.

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Acer Inc. reported consolidated revenues of NT$17.85 billion for April, marking a 10-month consecutive year-on-year growth. The company's total revenues reached NT$76.68 billion for the year-to-April, showing a 15.7% growth YoY. Acer's various businesses, including notebooks, desktops, Chromebooks, and commercial products, saw significant revenue increases in April. The company's strategy to diversify revenue sources beyond computers and displays resulted in a substantial contribution to total revenues. Acer's subsidiaries, Altos Computing Inc. and Acer ITS Inc., also experienced substantial revenue growth. Acer is set to unveil new AI devices and solutions at the upcoming Computex tradeshow in June.

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Acer Inc. reported strong financial results for Q1 2024 with a net income of NT$1.20 billion, up 133.4% YoY. Gross profit, operating income, and net income margins all showed growth. Consolidated revenues reached NT$58.83 billion, up 12.2% YoY. Non-computer and display businesses contributed significantly to total revenues and operating income.

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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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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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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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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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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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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 3.8B.

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.

What subsidiaries contribute to Acer's growth?

Subsidiaries such as Altos Computing Inc. and Acer ITS Inc. contribute to Acer's growth with specialized AI products and services.

Where can I find more information about Acer Inc.?

For more information about Acer Inc., please visit their official website at www.acer.com.

ACER INC S/GDR REG S

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3.80B
2.86B
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