HTC Just Made Its Lowest Profit Ever

HTC has announced that it made just $US2.8 million in the first three months of 2013 which, Bloomberg claims, is its slimmest profit on record.

The company generated around $US1.4 billion in revenue, which is well down on last year, when it churned over $US2.2 billion. More embarrassingly, last year it made a profit of $US470 million on that figure — that's 167 times more than this year.

The latest in a series of poor earnings reports, the news will be a disappointment to investors who had hoped the new One handset could reverse the manufacturer's woes. Sadly, delays meant that the One had only arrived in three — as opposed to the desire eighty — countries by the end of March. On the plus side, that means earnings from the new phone should prop up the company's accounts next quarter, and the First Facebook phone should also help things along.

Or at least, HTC will hope so: if the launch of its landmark, critically acclaimed handset and a tie-in with Facebook can't reinvigorate its finances, then desperate times may be ahead for the Taiwanese manufacturer. [HTC via Bloomberg via Verge]


Comments

    At least it still is a profit. Some other companies have been in the red lately.

      True, but $2.8m profit on $1.4b turnover is a pittance, it is only just over break-even - and the turnover is also well down on last year.

      I guess that it goes to show that just because an OS is free, that doesn't mean better profits . . .

    Only 2.8 million in 3 months? Poor dears. They must be on the discount caviar.

    The Facebook app (not a phone!) won't help HTC's profit because it won't sell more phones.

    HTC have some nice phones, but no SD card support and no ability for a user to swap a battery themselves are poor design decisions. Samsungs hardware specs often attract the hardcore crowd & the earliest buyers, once Samsung have them on board they will do a lot of marketing for Samsung.

    Could work out the profit in percentage terms, but HTC must be concerned about bringing the next gen technology to the table if the 'one' doesn't sell in numbers.
    I'm confident it will.
    HTC should cover it's bases though and produce a 7" tablet with an ultrathin bezzel and the same hardware specs that is pocketable, unlike the Nexus 7.

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