HTC loses more money in Q1

HTC logoHTC has posted its financial report for the three months ending on March 31 and it shows the company is still going through a rough patch. Just as the earnings guidance suggested revenue missed on its $1.12-1.18 billion target and reached just $1.10 billion. That’s down from $1.4 billion for the first quarter of 2013.

Net loss stood at $62 million – rather disappointing compared to the $2.5million in profit the company made for the same period of last year. And while this marks yet another quarter where HTC kept bleeding money, the Q2 outlook is very promising.

The second quarter of the year will see the effect of the market launches of HTC’s two key smartphones, the One (M8) and the Desire 816, which should help the company return to the profitable ways.

According to the predictions the revenue will be in the $2.160 billion - $2.326 billion range, or roughly double what HTC made now.The overall result is also expected to be a profit rather than a loss. The guidance suggests between $60 and $81.5 million of net profit, which while not huge is still great news for both shareholders and fans.

For more numbers from HTC’s Q1 report check out the source link.

Source: GSMArena

Tags: HTC, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
The NVIDIA GeForce GTX 1180 will be Turing-based with a 12nm FinFET die shrink
 
This only works on posts made by profiles that are public
 
 
The device will be standalone and based on a Qualcomm chipset
 
Apple plans on offering a cheaper smart speaker that will be priced at $199
 
Chrome will adopt a new approach to indicating site security
 
Data shows they are leading smartphone sale worldwide
 
Is this an error or it is really happening?
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
  12345
6789101112
13141516171819
20212223242526
2728293031  




Poll

Do you use microSD card with your phone?
or leave your own version in comments (10)