HTC earnings continue to disappoint – $34 million profit in final quarter of 2012
HTC released their raw Q4 earning results and the news still isn’t good for the Taiwanese company. The revenue numbers for HTC continue to dwindle and in Q4 of 2012 they received a meager $34 million (NT$1 billion) net income before taxes. HTC produced a 2.1 billion (NT$60 billion) revenue in the final quarter of 2012 which is down 41% from last year’s numbers.
In 2013, HTC is hoping to right the ship by allocating more money to Marketing and releasing a new powerhouse device later this year. It will be interesting to see if a new flagship device and change in strategy will be enough to HTC regain traction in the mobile market.
Do you think HTC will right the ship in 2013? Are you excited about their new upcoming devices? Tell us your thoughts in the comments below.