Hewlett Packard isn't the only major PC maker facing an uncertain future. Acer today reported worse than expected second quarter results, and there's plenty of reason for despair. For starters, consolidated revenue was down 32 percent year-over-year for the quarter at $3.5 billion with an operating loss of $246 million. More cause for concern, however, is that this is the first time Acer has ever posted a quarterly loss.
Tough times have fallen on Acer ever since it parted ways with former CEO Gianfranco Lanci, though the slide started before he left. Lanci jumped ship after the board of directors essentially pushed him overboard as they wanted to steer Acer's ship more towards mobile waters. But Apple's hugely popular iPad has been a double whammy, eating up much of the mobile market share Acer so desperately wants, and cutting into lower end PC and notebook sales.
Chairman J.T. Wang described the second quarter to investors as a "correction period," and noted that it would be "impossible" to break even by the end of the year, according to Reuters.
On the bright side, Acer is still the world's second larger PC maker, second only to HP, which plans to spin off its PC business.