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

Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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