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HTC has yet another awful quarter

Written by Andre Yoskowitz (Google+) @ 05 Jan 2014 17:46 User comments (3)

HTC has yet another awful quarter HTC, once the poster child for smartphone growth, has had yet another awful quarter.
For the fourth-quarter, net income was NT$310 million ($10 million), well below the analyst expectations of NT$694 million. The income even included the company's very profitable sale of its stake in Beats Electronics. The company had an operating loss of NT$1.56 billion ($50 million).

Despite the launch of the One Max phablet and adding Robert Downey Jr. as a promoter of the brand, sales continued their nine-quarter-strong slide.

The Beats sale netted the company a large $85 million pre-tax profit, but it appears falling revenue and operating costs erased most of that gain.

Revenue fell to NT$42.9 billion and the company has posted its first full-year annual loss, ever.

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3 user comments

15.1.2014 19:43

This is sad to see... :(

25.1.2014 23:08

HTC make pretty decent phones, the problem as far as I am concerned is that they don't seem to want to let us have our own internal storage via a micro SD card or allow us to swap out/upgrade the batteries.
So long as this remains the case I won't consider their products.

For me it's Samsung all day long as the best spec/price and they do let us use our own card storage & swap out batteries.

36.1.2014 9:40

Sucks, but it happens I have an HTC one now and I really love the UI and the look and feel of the phone but the removable battery and sd is a big miss for real. The had all the leverage and just eased up and now samsung is like the only recognised android brand to non tech swavvy people.

This message has been edited since its posting. Latest edit was made on 06 Jan 2014 @ 9:41

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