Technology content trusted by users in Australia and around the world.
4,949 Articles | 29,849 Posts
Select Your Edition:  
Tweakipedia
A wealth of
tech information!

TRENDING NOW: NVIDIA GeForce GTX 780 specs arrive, launches on May 23
AU EditionYou are located: Home > All News > Business, Financial & Legal News > ASUS enjoys strong third quarter, cites tablet sales as a winner

ASUS enjoys strong third quarter, cites tablet sales as a winner

By: (more) | Business, Financial & Legal News | Posted: Oct 31, 2012 1:28 am

In a sea of bad quarterly earnings reports from competitors, ASUS are standing strong with some positive third quarter results this week. The Taiwanese maker of just about everything these days reported a revenue of $3.8 billion with a net income of $230 million.

 

asus_enjoys_strong_third_quarter_cites_tablet_sales_as_a_winner

 

Revenue saw a rise of 9% year-over-year, with net income boosting up by around 43% in the same period. Revenue is up 18%, with net income up 39%, sequentially. Expectations were lower than this, with over 12 analysts expecting net income to reach just $185 million, meaning ASUS beat analysts' expectations by over 10%. Where is this surge coming from, you aks? Tablets.

 

ASUS have been able to successfully glide over from the sinking netbook market to the ever-expanding and super-popular tablet market. If we look back to Q2, ASUS shipped 800,000 tablets - fast forward to Q3 and we're looking at tablet shipments hitting 2.3 million, a meteoric rise. Shipment increases can be credited to the great Nexus 7 tablet which ASUS co-developed with Google. ASUS didn't give the goss on just how many Nexus 7's shipped, but it would have to be a chunk of that 2.3 million.

 

ASUS expects to ship even more notebooks and tablets in the coming quarter, with notebook shipments expected to rise by around 10% reaching 5.5 million, and tablet shipments are expected to reach 2.6 million, an increase of around 13%.


SOURCE #1

Related Tags



Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

TweakTown News RSS FeedDo you get our news RSS feed? Get It! Got a news tip? Tell Us!

Post a Comment about this news



Check out our
RSS feeds!
  • Upcoming Content: Whatever happened to Comodo Time Machine?
  • Upcoming Content: SuperSpeed RamDisk Plus 11 Software Review
  • Upcoming Content: HP Envy TouchSmart 4 Touchscreen Ultrabook Laptop Review
  • Upcoming Content: MSI Radeon HD 7790 1GB OC Overclocked Video Card Review
  • Upcoming Content: Transcend 32GB Wi-Fi SDHC Review
  • Upcoming Content: ADATA DashDrive Elite UE700 USB 3.0 Flash Drive Review
  • Upcoming Content: Kingston DT Workspace 64GB 'Windows To Go' USB 3.0 Flash Drive Review
  • Upcoming Content: Lexar Professional 128GB Compact Flash Memory Card Review
  • Upcoming Content: MyDigitalSSD BP4 240GB mSATA Review

Business, Financial & Legal News Posts

View More Business, Financial & Legal News Posts

TweakTown Web Poll

Question: What new stuff are you most excited to see at Computex Taipei 2013?

Cases, Coolers & PSU’s

CPU's

Gadgets

GPU's & Video Cards

Keyboards & Mice

Laptops, Tablets & Phones

Motherboards & Chipsets

New Tech

SSD's & Memory

Booth Babes

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Business, Financial & Legal Press Releases

View More Business, Financial & Legal Press Releases