HTC quarterly net profit falls by 79 percent

HTC logoHTC said its Q3 2012 net profit fell by 79 percent, slipping the world’s fifth-largest smartphone maker further behind Apple and Samsung.

The company said in a short statement on its website that its unaudited third-quarter net profit was T$3.9 billion ($133.17 million), down from T$18.68 a year ago. While analysts expected HTC’s earnings to fall, HTC did worse than what was expected.

"Before we turn more structurally positive, we would like to see its flagship models contributing a large portion of its business, as its strategy of reducing its number of models leaves it much in need of a hit model for 2013,” wrote Robert Yen, a Goldman Sachs analyst, in a research report quoted by Reuters.

While the company has been bolstered in recent years by selling Android phones and partnering with Google in legal battles against Apple, HTC has more recently bet its future on Windows 8 phones.

“HTC’s newly launched smartphones will not be a game changer for the company,” Richard Ko, an analyst at KGI Securities Co. in Taipei, wrote in a Sunday report yesterday (as quoted by Bloomberg). “Competition in the smartphone space remains intense across all segments. We believe Apple and Samsung will continue to lead on brand, distribution channel, scale, and cost.”

Source: Ars Technica

Tags: HTC

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

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

Last news

A mobile hotspot in Australia will be capable of hitting gigabit speeds on the go
A new game could be in the works as Blizzard appears to have been hiring for a Diablo-related project
Nokia CEO Rajeev Suri will speak at MWC 2017
However what if you could go way, way back?
The Helio P15 packs an octa-core Cortex-A53 processor clocked at 2.2GHz
Samsung claims up to 27-percent higher performance or 40-percent lower power
Preliminary data for October shows another Windows 10 boom
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 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



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