I may have faults, but being wrong ain't one of them - Jimmy Hoffa
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Archos announces record revenue for 2010
TABLETS ARE SELLING like hotcakes if Archos' results are to be believed, with the French electronics firm seeing a 100 per cent increase in fourth quarter revenues due to its latest gadgets.
Annual sales for the company in 2010 reached €83.3 million compared to €57.9 million in 2009, a growth of 44 per cent. For the fourth quarter alone in 2010 sales hit €35.6 million compared to just €16.3 million for Q4 in 2009, a revenue growth of 120 per cent, which made for a fifth consecutive quarter of growth for the firm.
A significant amount of this growth was reported to be sales in the European market, making up over 70 per cent of 2010 sales. Apparently these record sales were predominantly due to the high demand for Archos' range of tablets.
Archos says it wants to grow market share and it is predicting worldwide unit sales of tablets for the entire industry of over 50 million in 2011. That is triple the industry's worldwide sales in 2010. "The demand is maintained at a high level in the current quarter, confirming the strong development potential of the tablet market," said Archos founder and CEO Henri Crohas. µ
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They must be making money....
It was very difficult to even purchase one of the 7-0 or 10-1 Internet Tablets from thier site, they were always out of stock..... out of stock practically everywhere. (The archos web store still runs out of stock the same days they get them.. Tuesdays and Thursdays)
Also the prices jumped by about $20 per device since I purchased my 7-0 Internet Tablet.... (I do love it by the way)
But, is Archos making money?