HTC’s latest profits fall short of expectations

The eyes of the mobile industry have been on HTC this year as the manufacturer launched the One, waiting to see if sales of the flagship could help turn around the company’s slumping performance. While initial sales seemed positive, more recently we’ve been hearing doubt cast on HTC’s chances for fully reversing its trajectory. Those fears may have been quite prescient, as HTC has now released second quarter figures that fall seriously short of expectations.

In the second quarter of 2013, HTC saw profits of $41.6 million, while analysts were expecting the company to report a figure closer to $70 million.

And sure enough, blame is being placed on June sales. As predicted, the One failed to maintain its momentum from May, and monthly revenues dropped nearly 24%.

HTC has plenty of interesting hardware nearing launch – both the One Mini and One Max should earn the company some due attention – but we’ve got to wonder, if not even the One itself is enough to bring HTC back from the brink, is there any real hope for those two?

Source: The Wall Street Journal
Via: TechCrunch

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bits Read more about Stephen Schenck!