Asustek Q3 net profits said to be up 43 percent to $230 million thanks to Nexus 7, convertibles

Asustek Q3 net profits said to be up 43 percent to $230 million thanks to Nexus 7, convertibles

Asustek has just painted a pretty Q3 financial picture, showing a 43 percent jump in net profits -- $ 230 million compared to $ 160 million last year, according to the WSJ. Gross revenue also climbed 9 percent to around $ 3.8 billion, which the company attributes to the popularity of its Google-partnered Nexus 7 tablet, along with convertibles like the Transformer Prime TF201 and a healthy notebook lineup. Asus boosted PC shipments nearly 12 percent according to the last round of Gartner surveys, helping it stay the fifth largest player in that market. The company sees good things ahead for Q4 too, expecting do uble digit gains in PC and tablet shipments due to its burgeoning Windows 8 lineup finally hitting the market. That'll depend, of course, on how well users gravitate toward the fledgling OS.

Engadget