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Not Even The HTC One Can Save HTC, Revenue Drops $600 Million Year-To-Year

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 Not Even The HTC One Can Save HTC, Revenue Drops $600 Million Year-To-Year
Unread 2 years agoclass of '07 - away - #1
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By Stephen Schenck | July 5, 2013 10:58 AM

The eyes of the mobile industry have been on HTC this year as the company launched the One, waiting to see if sales of the flagship could help turn around the company’s slumping performance. While initial sales seemed positive, more recently we’ve been hearing doubt cast on the HTC’s chances for fully reversing its trajectory. Those fears may have been quite prescient, as HTC has now released second quarter figures that fall seriously short of expectations.

In the second quarter of 2013, HTC saw profits of $41.6 million, while analysts were expecting the company to report a figure closer to $70 million.

And sure enough, blame is being placed on June sales. As predicted, the One failed to maintain its momentum from May, and monthly revenues dropped nearly 24%.

HTC has plenty of interesting hardware nearing launch – both the One Mini and One Max should earn the company some due attention – but we’ve got to wonder, if not even the One itself is enough to bring HTC back from the brink, is there any real hope for these two?

Source: The Wall Street Journal
Via: TechCrunch

HTC’s latest profits fall short of expectations | Pocketnow
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27 comments for "HTC’s latest profits fall short of expectations"

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Unread 2 years agoclass of '07 - away - #2
Jago 584 heat pts584 space
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Not Even The HTC One Can Save HTC, Revenue Drops $600 Million Year-To-Year


Taiwanese HTC released today unaudited results for Q2 2013, and while the results are an improvement over figures for Q1, they continue to indicate that the troubled company is a long way from financial recovery.

According to the statement, total revenue for the second quarter reached $2.4bn, a sizable increase from the $1.4bn in Q1. Of that, net income after tax came in at a meager $41.6m, an improvement over Q1's underwhelming $2.8m.

Regardless of its comparatively miniscule scale, this clearly is an improvement, right?. Not quite. When compared with on year numbers, the prospects of HTC are looking far less rosy, especially if you consider the seemingly small dent the manufacturer made with a solid offering in the form of the HTC One and the HTC Butterfly range. To put this into numbers, year-on-year revenue has dropped $600m, net income after tax has nearly evaporated from $297m down to the aforementioned $41.6m – that's an 83% drop!

With new devices already at the end of the production pipeline, we'd expect that HTC still hasn't completely lost the year. Unfortunately, analysts disagree:

"HTC may have new products in Q3, but competition from Apple and other Chinese brands are fierce," Taipei-based analyst Peter Liao commented. "It'll be hard to keep the growth."

Goldman Sachs analyst, Michael Shieh, also commented:

"The big drop on June sales likely proves the HTC One sales momentum slowdown and 3Q may be only flattish as is the market expectation."
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Unread 2 years agoclass of '08 - away - #3
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Unread 2 years agoclass of '04 - away - #4
fat_boyy21 270 heat pts270 space
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keep falling htc .... so that google can scoop you up
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Unread 2 years agoclass of '05 - away - #5
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Unread 2 years agoclass of '06 - away - #6
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fu*k YG............



YALL FELL SHORT BECAUSE OF NON REMOVABLE BATTER AND NO SD SLOT YOU DAMN c*ntS!

BUTTERFLY S COME TO ME... nvm ill just get an iphone...
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Unread 2 years agoclass of '07 - away - #7
CPTryder1536 65 heat pts65 space
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Sales of HTC’s new flagship phone helped the struggling smartphone maker’s revenues rise more than 60 per cent from the previous quarter, though its profits still lagged behind expectations.
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Unread 2 years agoclass of '05 - away - #8
Y.G. 23 heat pts23 space
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Special Edd said:
fu*k YG............



YALL FELL SHORT BECAUSE OF NON REMOVABLE BATTER AND NO SD SLOT YOU DAMN c*ntS!

BUTTERFLY S COME TO ME... nvm ill just get an iphone...
Fock you. HTC lost, ya bish.


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Unread 2 years agoclass of '05 - on now - #9
P-Hill|M 21 heat pts21 space
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Y.G. said:
Fock you. HTC lost, ya bish.


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ThePainkiller 306 heat pts306 space
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Y.G. said:
Fock you. HTC lost, ya bish.


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Unread 2 years agoclass of '04 - away - #11
fat_boyy21 270 heat pts270 space
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Y.G. said:
Fock you. HTC lost, ya bish.


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Unread 2 years agoclass of '12 - away - #12
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they reached the Q2 target and grew from Q1.... what da problem is?
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Unread 2 years agoclass of '05 - away - #17
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Y.G. said:
Fock you. HTC lost, ya bish.


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I'm starting to think YG loves a monopoly.
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Y.G. 23 heat pts23 space
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JCSIII said:
I'm starting to think YG loves a monopoly.
You think about other men often?
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JetsLost 18 heat pts18 space
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Y.G. said:
Fock you. HTC lost, ya bish.


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fu*king
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