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Massive reduction in forecast tablet sales

Acer axes tablet production

Acer has dramatically cut the firm’s target for tablet shipments by almost 60 per cent as it comes to grips with unsold inventory.

Acer chairman Wang J.T. Wang told a shareholder meeting that Acer was slashing the firm’s tablet shipment target from five to seven million down to less than three million this year according to a Reuters report.

Wang claimed that the third quarter would be "considerably more stable". However with a string of widely missed shipment forecasts, the financial markets showed few signs of believing Acer with a share price 30 per cent down following an announcement of a similar reduction in sales.

The firm’s Windows and Android powered tablets have met with mixed-reviews with the New York Daily News calling the Iconia Tab A500 a ‘little too thick and heavy to be a contender in tight tablet market.’

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