AfterDawn: News

HTC sees profits drop 70 percent

Struggling smartphone maker HTC has released their quarterly earnings for the Q1 2012, and they were not pretty.

For the quarter, revenues were NT$67,790 million (about $2.3 billion), a full 35 percent decrease year-over-year. Quarter-over-quarter, the company saw an equally bad fall, down from NT$101.42 billion ($3.43 billion) in the Q4 2011.



The company at least remained profitable, with an after-tax NT$4,464 million ($151 million) net income. That profit was a 70 percent decline compared to the Q1 2011, a shocking fall.

HTC recently launched their One line of smartphones, each of which has come with rock solid reviews.

The new devices, along with the company's recent purchases of Beats Audio, SyncTV and MOG should help the smartphone maker regain some footing in the ever-competitive market.

Written by: Andre Yoskowitz @ 7 Apr 2012 1:34

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• 7 comments

• KillerBug

  I'm glad they are hurting...the tiny antennas in my sensation 4G pretty much guarantee I will never buy from them again anyway.
  

  
  

  7.4.2012 08:01 #1

• Hyasuma

  they will continue to fall if their battery don't last more than freaking 6 hours with the EVO and evo 3d
  

  Being nice always has its own consequences

  7.4.2012 10:29 #2

• blueboy09

  I like my Thunderbolt from HTC, but because of poor battery life, I have only got 5 hours tops and that's WITH the new extended battery. Thinking about switching to Droid Razr Maxx cause baterry life is close to 3 times of what is the Thunderbolt, so alas, HTC, I knew you well.
  

  Chance prepares the favored mind. Look up once in a while and you might learn something. - BLUEBOY

  7.4.2012 11:22 #3

• KillerBug

  Originally posted by blueboy09: I like my Thunderbolt from HTC, but because of poor battery life, I have only got 5 hours tops and that's WITH the new extended battery. Thinking about switching to Droid Razr Maxx cause baterry life is close to 3 times of what is the Thunderbolt, so alas, HTC, I knew you well. The battery in my Sensation was crap until I got an aftermarket battery. The upgraded battery that HTC offers is still garbage, but a $30 battery from Amazon.com initially gave me about 150% use time versus a broken in HTC battery, and now gives me at least 200% use time. Still, I miss being able to forget to charge my old dumb phone at night, and still having enough battery to get through another day. I would happily have a fatter, heavier phone to get that back.
  
  BTW...Avoid Motorola...their build quality has dropped to crap lately. Samsung is really kicking *** in the Android arena. It is almost too bad that iOS isn't open to multiple device manufacturers...a Samsung iOS phone would not be as good as a Samsung Android phone, but it would still be a lot better than an Apple iOS phone.
  

  
  

  7.4.2012 13:48 #4

• stuntman_

  Android phone just have bad battery life in general, there are a lot of things you can do to help improve it. HTC has a lot of good things coming out it won't be long before they start picking up again
  

  
  
  
  

  7.4.2012 13:51 #5

• A5J4DX

  not looking good
  

  7.4.2012 15:13 #6

• ThePastor

  HTC ruled with the EVO 4G... but ever since then each of their super phones is eclipsed by Samsung.
  This summer, all talk of the "kick ass" HTC One X or the EVO 4G LTE will be completely blown away by the Samsung Galaxy S III, a Superphone by all measures.
  It seems that HTC is good, just not quite good enough. and at the top end of the market, not good enough is bad...

  8.4.2012 15:54 #7