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HTC’s Q2 profits reach a 7 quarter high
The second quarter of the year has traditionally been good for HTC and Q2 of 2014 isn’t any different. HTC shared its preliminary Q2 numbers today, revealing a profit of NT$2.26 billion (US$75.6 million). The number isn’t incredibly high, but it is an increase of 80% from the same quarter in 2013 and the highest…
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HTC set to return to profitability in Q4 with a 24 percent reduction in operating costs
HTC has confirmed its Q3 net loss of NT$3 billion ($102.1 million) on NT$47 billion ($1.6 billion USD) in revenue. While some analysts are expecting HTC to post another quarterly loss in Q4, HTC is tightening up operations in an effort to reduce operating costs by 24 percent. HTC is hoping that this strategy will allow the…
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With a loss of $101 milllion in Q3, HTC posts its first-ever quarterly loss
The inevitable has happened, Today, HTC posted the company’s first quarterly loss. In Q3, HTC pulled in $1.6 billion revenue, but it was not enough to offset the company’s expenses, resulting in a $101.2 million net loss. HTC is not reporting how many devices it shipped during the quarter. There have been reports of inventory shortages of…
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HTC posts disappointing unaudited revenue numbers for August
Today, HTC announced unaudited consolidated revenue for August 2013 of NT$13.2bn, numbers which are 45% lower from a year earlier. At the current rate, analysts are not expecting HTC to hits its NT$50 billion to NT$60 billion forecast for the third quarter of 2013 and some are predicting that HTC will end then entire year with a full-year loss.…
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HTC may see a loss in Q3 despite HTC One outselling company’s 2012 flagship devices
Earlier this month, we learned that HTC had managed to pull in $41.63 million in profits during the second quarter. The number want’s that shocking since HTC had nearly suffered a loss during Q1, but HTC’s new guidance for Q3 shows that the company isn’t out of the woods yet. Due to “relatively higher cost structure,…
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HTC’s Q2 profits surge 1,385 percent – still shy of market expectations
For the first time in nearly a year, HTC’s quarterly revenue report has some good news. Profits from the quarter skyrocketed from $2.8 million in Q1 to $41.63 million, proving to investors and consumers that the HTC isn’t quite ready to give up. The 1,385 percent increase in profits is sure to help HTC’s bottom line, but it is…
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HTC posts Q1 earnings show decline in revenue and profits, company a huge Q2 improvement
HTC has released its final number for Q1, confirming a drop in revenue to NT$42.8 billion from NT$67.8 billion. Net profit’s took an even bigger hit, dropping to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) during the same quarter last year. The 98 percent profit drop does not come as a surprise since component shortages…