The net profit of the Taiwanese personal computer producer Acer Inc was able to swing back all through the third-quarter of the year.
What helped the company go over analyst estimates are its cost-cutting efforts and the recovery in the overall market for personal computers.
Acer’s net profit rose at NT$651 million or US$21.31 million for the quarter that covered July to September which is way higher than the analyst estimates at NT$477.5 million. This result compared with the company’s loss of T$13.1 billion during the same period last year.
August and September revenues for Acer went down against the year earlier but the decline went at a slower rate than the double-digit declines which the company went through during the first half of 2014.
Since the introduction of smartphones and tablets, the personal computers market went sluggish because more and more people are falling in love with the idea of the portability of those devices.
While there’s a decline in the sales of personal computers, Acer showed signs of growth during the past few months with Intel predicting that the market will have a healthy fourth-quarter. This is mainly forecasted by the PC chip leader because of the heavy replacements of the old personal computers that are done by many businesses.