Featured Articles

Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 10 December 2008 12:04

Asus expects significant profit decline

Written by Nick Farell

Image

Reportedly halves workforce in Chinese subsidiary

 

Asustek is expecting a profit decline of 10 to 20 percent in 2008 due to missed projections and excess inventory.

According to several reports, Asus subsidiary Pegatron Technology will reduce its workforce in China by half, and around 45,000 workers will be affected.

Asustek is estimating it will generate $657 to $737 million in profit this year, down significantly from just over $900 million last year. This is the first time Asustek reported a decline in profit since 2002.

Following dismal results, the company has reduced its notebooks shipment goal by one million units, and expects a drop of 11 percent in graphics card shipments.

More here.

Last modified on Thursday, 11 December 2008 05:27

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments