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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’s revenue for August jumps 37 percent
After a disappointing July, HTC’s revenues for August show that the company’s 2014 strategy may be moving in the right direction. HTC has reported revenues of TWD14.5 billion ($485.2 million) – an improvement of 10.4% over August of 2013 and a staggering 37.1% jump over the company’s reported revenue from July. HTC started out 2014…
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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 projects sales of One (M8), Desire 816 to lead to a profitable Q2
HTC shared its projections for the quarter today, revealing a positive outlook despite some mixed numbers. Even with sales of the HTC One (M8) meeting the company’s expectations, HTC is projecting that revenue for the second quarter of 2014 to come in slightly lower than it did in 2013. HTC is forecasting NT$65 billion ($2.16…
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HTC closes out Q1 of 2014 with a substantial loss
Earning for the first quarter of 2014 are in, but things aren’t looking so hot for HTC. The company has reported $1 billion in revenue for the first quarter of 2014 with net losses after taxes reaching $62 million. This is the second time in the company’s history that HTC has reported a quarterly loss.…
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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…