This is BX @ Boxden.com


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


 Not Even The HTC One Can Save HTC, Revenue Drops $600 Million Year-To-Year
topic by CPTryder1536 - 07-05-2013, 10:21 AM - Boxden > BX Tech


> Not Even The HTC One Can Save HTC, Revenue Drops $600 Million Year-To-Year - Photo posted in BX Tech | Sign in and leave a comment below!

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


share this topic »   Share this on Twitter Share this on Facebook

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


 07-05-2013, 10:25 AMaway - #2
Jago 346 heat pts346

  d 
space
$1,968 | POWERFUL
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."
 07-05-2013, 10:30 AMaway - #3
King Jackson 70 heat pts70

  d 
space
$4,348 | POWERFUL
 07-05-2013, 10:30 AMaway - #4
fat_boyy21 240 heat pts240

  d 
space
$7,393 | POWERFUL
keep falling htc .... so that google can scoop you up
 07-05-2013, 10:34 AMaway - #5
Y.G. 22 heat pts22

  d 
space
$25,197 | POWERFUL
 07-05-2013, 10:36 AMonline - #6
Special Edd 81 heat pts81

  d 
space
$15,862 | POWERFUL
#### 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...
 07-05-2013, 10:43 AMaway - #7
CPTryder1536 61 heat pts61

  d 
space
$641 | POWERFUL
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.
 07-05-2013, 10:57 AMaway - #8
Y.G. 22 heat pts22

  d 
space
$25,197 | POWERFUL
Originally Posted by Special Edd
#### 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.

 07-05-2013, 11:02 AMaway - #9
P-Hill|M 16 heat pts16

  d 
space
$26,111 | POWERFUL
Originally Posted by Y.G.
Fock you. HTC lost, ya bish.

 07-05-2013, 11:02 AMaway - #10
ThePainkiller 299 heat pts299

  d 
space
$52,833 | POWERFUL
Originally Posted by Y.G.
Fock you. HTC lost, ya bish.

 07-05-2013, 11:22 AMaway - #11
fat_boyy21 240 heat pts240

  d 
space
$7,393 | POWERFUL
Originally Posted by Y.G.
Fock you. HTC lost, ya bish.





 07-05-2013, 11:33 AMaway - #12
Carib Breeze 28 heat pts28

  d 
space
$4,065 | POWERFUL
Originally Posted by Y.G.
 07-05-2013, 12:13 PMaway - #13
Adamsville 114 heat pts114

  d 
space
$11,039 | POWERFUL
they reached the Q2 target and grew from Q1.... what da problem is?
 07-05-2013, 12:23 PMaway - #14
layzie8171 41 heat pts41

  d 
space
$8,232 | POWERFUL
Originally Posted by Y.G.




 07-05-2013, 03:11 PMaway - #15
KREW 2 heat pts

  d 
space
$3,740 | 20820617
Originally Posted by Y.G.
 07-05-2013, 06:07 PMaway - #16
ThePainkiller 299 heat pts299

  d 
space
$52,833 | POWERFUL
Originally Posted by layzie8171




 07-06-2013, 06:02 AMaway - #17
sixmillion007 

  d 
space
$1,240 | 3785333
Originally Posted by Y.G.
Fock you. HTC lost, ya bish.




 07-06-2013, 06:39 AMaway - #18
JCSIII 64 heat pts64

  d 
space
$6,602 | POWERFUL
I'm starting to think YG loves a monopoly.
 07-06-2013, 07:22 AMaway - #19
Y.G. 22 heat pts22

  d 
space
$25,197 | POWERFUL
Originally Posted by JCSIII
I'm starting to think YG loves a monopoly.
You think about other men often?
 07-06-2013, 10:06 AMaway - #20
JetsLost 18 heat pts18

  d 
space
$6,679 | POWERFUL
Originally Posted by Y.G.
Fock you. HTC lost, ya bish.

####ing
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX Tech
    
         

 



Latest hot topics on fire the past 48 hrs
Image inside  Whats the BX "Player" verdict for Destiny?
65 comments
Article inside  Destiny is Bungie’s Worst Reviewed Game Ever
75 comments
NFL SHOTS FIRED: Chargers Keenan Allen on Richard Sherman "H..
73 comments
 NBA Charles Barkley On Adrian Peterson: 'every Black Paren...
New reply 2 minutes ago - 174 comments - by Avon_Barksdale
 Video inside The Official Destiny Thread
New reply 52 minutes ago - 675 comments - by BX HD
 Image(s) inside 50 Cent Disses Tony Yayo Over Instagram Post About Flo...
New reply 13 minutes ago - 126 comments - by PyrexVisionary
 Video inside In Honor Of Bobby Shmurda: 10 Hip Hop Classics With No...
New reply 56 minutes ago - 96 comments - by Scan
 NFL Monday Night Football: Philadelphia Eagles (1-0) Vs In...
New reply 23 minutes ago - 1042 comments - by Loso Luciano24
 audio inside Rick Ross - Elvis Presley Blvd (feat Project Pat) (fir...
New reply 58 minutes ago - 60 comments - by Steve
 Image(s) inside Mother And Daughter Come Out As A Lesbian Couple...
New reply 28 minutes ago - 58 comments - by Andrefrbk
 NBA Kevin Durant Says Allen Iverson 'pound For Pound The B...
New reply 1 hour ago - 61 comments - by italiansteve

Like BX on Facebook Follow BX on Twitter
5,766 fans of BX | none new today 4,746 following | none new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.