Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 29 March 2010 13:34

Weak euro hurts Acer, Asustek revenues

Written by


Image

Blame Greece


According
to Digitimes, Acer's and Asustek's Q1 profits could take a dive due to the weakness of the euro.

Between 50 and 60 percent of Acer's revenue stems from Eurozone markets, while the same region accounts for more than 50 percent of Asustek's revenue. The euro has nosedived over the past couple of months and the current exchange rate is one euro per US $1.32, whereas in late Q4 the rate was €1 to $1.5.

The declining euro is not only hurting US and Taiwan based companies, it is playing havoc on European retail prices. Although European consumer are used to paying more than their US counterparts, the situation has grown even worse over the past few weeks. Distributors and vendors seem to be freezing prices and it some cases even inflating them to compensate for the drop.

Moreover, the Greek economic meltdown is also pushing the euro down, as the country is close to defaulting due to immense debt. Each Greek man, woman and child is blessed with more than €27,000 of foreign debt. The nation that invented democracy could have and should have done a better job governing itself.
Last modified on Monday, 29 March 2010 14:11

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