Asus Reports Q3 Earnings; Profits Up 43%

Asus just reported its earnings for Q3 2012, and surprised everyone by posting its largest quarterly profit in the last four years, which is in contrast with the bleak numbers reported by its competitors in the PC industry.

Asus saw its numbers rise in part due to the excellent sales of the Nexus 7 tablet, which it built with Google. Asus’ market share in PCs also increased to 7.3% last quarter, with its shipments increasing 12%. Its competitors saw their market share shrink.

Asus reported a net profit of $229.1 million, up 43% year-over-year, and significantly higher than analyst estimates.

Its notebook shipments increased to 5 million, up 14% over the second quarter of 2012, and its tablet shipments almost tripled to 2.3 million units, thanks to the Nexus 7.

Asus doesn’t only have the flagship Android tablet right now, but will also be launching a series of Windows 8 products. It has projected even higher sales and earnings in the next quarter.

via WSJ

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