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Acer reports 20% drop in April revenues

Acer has said its revenues for April fell 20.42% month-on-month and 11% year-on-year to $860.25m, Digitimes has reported. Combined revenues from January to April also dropped 6.74% to $4.14bn, compared with the same period a year ago. The Taiwan-based company shipped 7.34 million notebooks in the first quarter, up 0.72% from 7.29 million units in the fourth quarter of 2011 and was the only brand vendor to achieve shipment growth in the first quarter. The company's notebook market share also grew to 14.4% and surpassed Lenovo at 13.3% to become the second-largest notebook brand vendor in the quarter, according to the latest figures by research firm IDC.