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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…
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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’s Q3 revenue drops 48%, still manages to rake in $133 million in profits
As we reported two weeks ago, HTC’s numbers for Q3 are not going to surprise anyone. HTC has released is audited earnings report for the third quarter featuring revenues of NT$70.2 billion ($2.4 billion) with NT$3.9 billion ($133 million) in profits. While HTC may still be in the black, those numbers are significantly lower than the $3 billion (NT$91.04 billion) in…