Shuttle shipped 48,000 XPCs in March, bringing its shipment total for the first quarter to 146,000 small-form-factor (SFF) PCs, according to the company.

The March shipment total was boosted by the release of the XPC SN25P system at the end of February. Shuttle shipped about 10,000 units of the Nvidia nForce4-based SFF PC last month and it expects the volume to remain at that level in the near future.

The company also stated that its first quarter shipments were split 60:40 between Intel and Advanced Micro Devices (AMD) XPCs. However, market sources stated that Shuttle plans to introduce 8-10 new Intel-based XPCs this year, including a 945G system in May.

Although the company’s revenues only reached NT$960 million in the first quarter, down 44% on year, Shuttle was quick to point out that was mainly due to it exiting the motherboard business. In addition, while most motherboard makers are seeing their gross margins slide downward to single digits in the ultra-competitive motherboard business, Shuttle estimates that its gross margins topped 15% in the first quarter.

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