Acer Group (Acer, emachines, Gateway, and Packard Bell) lowered 1Q11 sales guidance to down 10% vs the company’s prior expectation of up 3%, on weaker US and Europe demand. It also said 2Q11 shipments would be flat with 1Q11, same issues as before but compounded by Japan.

This compares to Consensus sales down 6.5% in 1Q11 but up 3.4% in 2Q11.

Despite its presently high market share, Acer is not exactly the strongest horse in the stable, and it is hard to say whether this is purely company specific or indicative of the industry. Probably a little of both. The company is still making money so it has a chance to fight another day, but it needs to fix its product lineup and brand before Lenovo, HP and Dell polish it off.

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