AfterDawn: News

HTC profit falls 83 percent year-over-year

HTC has announced their quarterly earnings report today, and once again the company has produced a stinker.

For the Q2 2013, the company had a profit of just $41 million on revenue of $2.35 billion. During the same quarter last year, the company had profit of $246 million on revenue of $3 billion.



The company's highly-rated One flagship device does not appear to have helped them at all, despite 5 million sales in the One's first 50 days after launch.

May was a strong month, following the release of the One, but June saw revenue drop 24 percent from the month before and 26 percent year-over-year.

The new results are a far cry from 2011 when the company averaged over $400 million in profits per quarter.

Written by: Andre Yoskowitz @ 5 Jul 2013 20:15

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• 2 comments

• chevnoire

  HTC is too stupid to embrace- pre-paid.
  They keep selling great phones- but their pricing is stupid.
  The HTC One should be in my pocket.... But I have an LG Spirit 4G because on my carrier Metro PCS- the only HTC product available is HTC Wildfire from 2010 for gods sake. And the HTC One is only available on contract at ATT/Verizon/Sprint ...and the price is too much.
  HTC will disappear soon- and its their own fault.
  Too dumb and proud to get their products to the people where the people are.
  HTC- trying to be Apple and Samsung- when you are not apple or samsung...will have you going out of business. Oh well.

  6.7.2013 08:17 #1

• bigfamei

  Originally posted by chevnoire: HTC is too stupid to embrace- pre-paid.
  They keep selling great phones- but their pricing is stupid.
  The HTC One should be in my pocket.... But I have an LG Spirit 4G because on my carrier Metro PCS- the only HTC product available is HTC Wildfire from 2010 for gods sake. And the HTC One is only available on contract at ATT/Verizon/Sprint ...and the price is too much.
  HTC will disappear soon- and its their own fault.
  Too dumb and proud to get their products to the people where the people are.
  HTC- trying to be Apple and Samsung- when you are not apple or samsung...will have you going out of business. Oh well. Not true. It was 199.99 at launch at ATT. Hell it got dropped to 99 bucks with contract about a month later. I think still at the same price. And if you want to buy it outright its cheaper. So price isn't the issue. To me it they restricted alot of the customization, no more SD card, closed case, and the recent judgement against them didn't help and they are paying more royalty money out of pocket.
  
  And there is a couple of models they sold last year that isn't going to be getting the new 4.2.2 update. That isn't going to help the brand name. They really need to open their product back to the devs and the geeks. WE will push a product we really, really, really like. And so far we like it.
  

  6.7.2013 11:21 #2