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Tuesday, October 30, 2012

Engadget: Asustek Q3 net profits said to be up 43 percent to $230 million thanks to Nexus 7, convertibles

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Engadget
Engadget
Asustek Q3 net profits said to be up 43 percent to $230 million thanks to Nexus 7, convertibles
Oct 30th 2012, 13:15

ASUS PadFone 2 handson

Asustek has just painted a pretty Q3 financial picture, showing a 43 percent jump in net profits -- $230 million compared to $160 million last year, according to the WSJ. Gross revenue also climbed 9 percent to around $3.8 billion, which the company attributes to the popularity of its Google-partnered Nexus 7 tablet, along with convertibles like the Transformer Prime TF201 and a healthy notebook lineup. Asus boosted PC shipments a healthy 12 percent, according to the last round of Gartner surveys, helping it stay the fifth largest player in that market. The company sees good things ahead for Q4 as well, expecting double digit gains in PC and tablet shipments, due in large part to its burgeoning Windows 8 lineup finally hitting the market. Of course, that'll depend in large part on how well users gravitate towards the fledgling OS.

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Asustek Q3 net profits said to be up 43 percent to $230 million thanks to Nexus 7, convertibles originally appeared on Engadget on Tue, 30 Oct 2012 09:15:00 EDT. Please see our terms for use of feeds.

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Written by Hasloo Network staff.