Acer Halves Tablet Forecast

Bloomberg:

Acer Inc., the Taiwanese PC maker battling excess inventory and a share-price slump, more than halved its tablet forecast because of concerns a weaker European economy may damp demand.

Tablet shipments will be about 2.5 million to 3 million units this year, President Jim Wong said in Taipei today. Chairman and Chief Executive Officer JT Wang as recently as May 10 forecast selling 7 million of the devices, which compete with Apple Inc.’s iPad and Samsung Electronics Co.’s Galaxy Tab.

Via Dare Obasanjo, who tweets:

Acer finds out what I’ve always said, there isn’t a tablet market, there’s an iPad market.

★ Thursday, 16 June 2011