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HTC begins outsourcing low-end smartphone production
HTC has always taken pride in the fact that the company designs, engineers and manufacturers all of its phones. That all changed this spring when HTC offloaded production of at least three HTC Desire phones Taiwan-based contract manufacturer Compal Electronics Inc. and China’s Wingtech Group. HTC is hoping the move will help the company reduce costs…
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HTC posts preliminary Q4 earnings report with $10.3 million in profits
HTC closed out 2013 with its preliminary earnings report for Q4, highlighted by $10.3 million in profits. While HTC remained in the black thanks to $85 million in proceeds from the sales its remaining stake in Beats Audio, the latest numbers indicate that HTC managed to stay profitable in 2013. It’s unclear how long HTC’s earnings reports…
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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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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 Q1 profits hit record low, delayed HTC One to blame
HTC has posted its Q1 earnings report for 2013, revealing the company’s lowest quarterly profits on record. For the first quarter of 2013, total revenues reached NT$42.8 billion with net income (profits) after tax shrinking to NT$85 million ($2.8 million USD). When the net income numbers are compared Q1 of 2012, HTC is looking at a 98.3% year-over-year decline.…
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Marketing report shows HTC played things safe in 2012 – new marketing strategy could turn things around
The past 18 months have not been kind to HTC. After years of year-over-year record profits and sales, HTC’s fortunes quickly turned in late 2011. Competition from Samsung and Apple started to eat away at HTC’s market share and the evolution of the Android segment gave other players in the mobile industry the ability to…