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HTC Source | October 19, 2017

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Unaudited Q3 numbers reveal HTC remains profitable despite sales slump

Unaudited Q3 numbers reveal HTC remains profitable despite sales slump

As usual, HTC has released its unaudited results just days after the close of the quarter. The numbers are laced with good and bad news. HTC’s revenue dropped 35% from NT$65.1 billion in Q2 to NT$41.86 billion in Q3 with net profits plummeting 72% from NT$2.3 billion to NT$0.64 billion.

The good news is that HTC has posted positive numbers in two consecutive quarters, adding nearly $100 million to the company’s bottom line. HTC has been trimming it operational costs in order to maintain profitability. While there’s only so much that can be cut from the budget, a lean operation means we would easily see the pendulum swing in the opposite direction at any time. If one of HTC’s products starts resonating with consumers, a slight increase in revenue could have dramatic implications on HTC’s profitability.

With the HTC Desire Eye and HTC ReCamera right around the corner, we won’t be surprised if HTC find a way to improve its bottom line in the fourth quarter of 2014.

About Nick Gray

Tech enthusiast, Android user and founder of the first HTC blog – Nick Gray has been blogging about HTC phones before most people knew what a smartphone even was. Over the years Nick has owned and tested dozens HTC devices and is constantly flashing new ROMs to his Android phones.