Did You Know? · Earnings · HTC
HTC Gets Lowest Profits On Record, HTC One Delay To Blame
HTC is falling through the cracks, again. In a long list of earnings reports comes low profits, and the first three months of 2013 have proved to be the worst ever, mostly thanks due to the HTC One launch delays — currently available in only three of the eighty countries that were planned for launch.
HTC only made NT$85 million (roughly $2.8 million) over the past three months after generating NT$42.8 billion (roughly $1.4 billion) in revenue. Last year’s figures were significantly higher: in Q1 2012 the company made roughly $470 million on $2.2 billion revenue.
For the next quarter it’s crucial that the HTC One and HTC First (the recently announced Facebook phone) reap in profits for the ailing HTC, because this can’t go on much longer.
Via: Bloomberg
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