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ASUS delivers Q1 financial report, tablet sales look good, PC components down

ASUS releases Q1 financial report, earns a profit of $202 million, while gaining market share

| Business, Financial & Legal News | Posted: May 6, 2013 2:59 pm

This morning we are getting a look into how ASUS performed during the first three months of 2013. The short story is that the company saw a revenue of $3.5 billion, which stemmed from strong tablet sales. ASUS was able to parlay that $3.5 billion in revenue into a solid $202 million in pure profit.

 

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The company did see a significant drop in PC component and notebook sales over the same time period in 2012 and 2011, the company says that those drops were offset by tablet sales. ASUS sold a whopping three million tablets during the first quarter of 2013.

 

Continuing with the good news, ASUS managed to gain a stronger foothold in the US and has increased its market share from 17 percent in 2012 to an impressive 23 percent already this year. This makes up the seventh straight quarter that ASUS has managed to grow revenue, as well as market share, but analyst are predicting that the company's performance will flatten out during the 2013 Q2 timeframe.

NEWS SOURCESEngadget.com, Mzcan.com

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