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August 3, 2012 12:39 pm GMT
HTC has posted its Q2 numbers and they're not pretty. While numbers were up on Q1, the Taiwanese handset maker saw declines in nearly every line of earnings compared to the same quarter a year ago. Revenues were 91.04 billion Taiwan dollars ($3 billion), down nearly 27% on Q2 2011; gross profit was down by more than 30% to NT24.59 billion ($819 million); operating profit down by over 57% to NT8.2 billion ($273 million). Earnings per share were also down by nearly 57% to NT8.9 ($0.30) per share.The results show that despite gains in some key markets like China, HTC continues to see huge competitive pressure in the smartphone segment in which it competes. This year, in an effort to better focus the company, HTC launched a line of handsets under the brand "HTC One", which followed a similar convention to Apple with its streamlined iPhone line-up.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lBOU-uUCBqw/
Competition Weighs Down HTC In Q2: Sales Drop 27% To $3B; Operating Profit, EPS Down 57%
HTC has posted its Q2 numbers and they're not pretty. While numbers were up on Q1, the Taiwanese handset maker saw declines in nearly every line of earnings compared to the same quarter a year ago. Revenues were 91.04 billion Taiwan dollars ($3 billion), down nearly 27% on Q2 2011; gross profit was down by more than 30% to NT24.59 billion ($819 million); operating profit down by over 57% to NT8.2 billion ($273 million). Earnings per share were also down by nearly 57% to NT8.9 ($0.30) per share.The results show that despite gains in some key markets like China, HTC continues to see huge competitive pressure in the smartphone segment in which it competes. This year, in an effort to better focus the company, HTC launched a line of handsets under the brand "HTC One", which followed a similar convention to Apple with its streamlined iPhone line-up.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/lBOU-uUCBqw/
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